In 2022, monthly checks for disabled veterans and military retirees will see the largest increase since 1983. Those receiving checks could see their monthly payments jump by hundreds of dollars each month. This drastic change is primarily due to COLA, or the Cost-of-Living Adjustment, which is based on annual inflation and aims to maintain the spending power of each payment doled out by the program. All the current figures point to an increase of at least 6%, potentially more, in 2022. The average check will increase by approximately $160. Those disabled veterans receiving disability payments from the Department of […]
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