October 13,2021

Wyden Statement on Social Security Cost of Living Adjustment

Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after the Social Security Administration announced Social Security benefits will increase by 5.9 percent in 2022:

This increase in Social Security benefits will be welcome for millions of Americans trying to make ends meet after the previous administration's bungled response to COVID-19 left us in an economic crisis of shortages and price increases,” Wyden said. “Working Americans pay into Social Security with every paycheck, and in return they deserve a secure retirement. I’m going to continue to build on what works and look for ways to improve Social Security for the next generation.”