Social Security: Biggest payment increase since 1981 is coming for all recipients

By Cami Mondeaux

Published August 8, 2022 1:45pm ET

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Social Security: Biggest payment increase since 1981 is coming for all recipients — FILE - In this Feb. 11, 2005 file photo, trays of printed social security checks wait to be mailed from the U.S. Treasury's Financial Management services facility in Philadelphia. For the second straight year, millions of Social Security recipients can expect an historically small increase in benefits come January 2014. (AP Photo/Bradley C. Bower, File) | Bradley C Bower

Social Security recipients are expected to receive the largest increase in benefit payments in over 40 years.

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Inflation Money Retirement Social Security