Money Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes October 13, 2021October 14, 2021Paul Davidson, USA TODAYComments Off on Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes Social Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That's the most since 1982.