The roughly 65 million retirees who collect Social Security benefits in the US will get a 8.7% increase next year, the largest bump since 1981, to compensate for the highest inflation bout in decades
Problem is the inflation numbers are made up. It's a lot more. Next month well over 9% and climbing. They just needed to hold the appearance down until the COLA decision was made.
Here's the sauce John Williams https://rumble.com/v1nksj6-inflation-75-year-high-unemployment-24-john-williams.html start 14:00 min This is a good interview (about 42 min)