Life & Money Financial Planning Your Retirement What to Know About the Social Security Cost of Living Increase for 2022 Catherine McHugh Oct 26, 2021 Rising costs mean the average retiree will receive larger Social Security checks in 2022. Photo credit: Peathegee Inc/Getty Images share Want more? Get financial tips, tools, and more with our monthly newsletter. First name* Last name* Email* Sign me up Related Articles article What’s the Social Security Retirement Age? Learn more article Suspend Social Security? This Strategy Could Increase Your Benefit Learn more article 5 Ways to Maximize Your Social Security Benefit Learn more