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Photo: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images

Social Security benefits for approximately 70 million Americans will increase 5.9% next year, the Social Security Administration announced Wednesday.

Why it matters: It's the largest cost-of-living adjustment in 39 years as inflation continues to tick up largely from supply chain issues, according to AP.

The big picture: The increased payments will begin for more than 64 million Social Security beneficiaries in January 2022.

  • Increased payments to approximately 8 million people on Supplemental Security Income will start Dec. 30, 2021, the SSA said. Some Americans receive both benefits.

Go deeper: Social security funds could deplete earlier than expected due to pandemic

Go deeper

Bryan Walsh, author of Future
Nov 24, 2021 - Politics & Policy

Why more Americans are going childless

Illustration: Sarah Grillo/Axios

A Pew survey late last week found that 44% of Americans between 18 and 49 who aren't parents say it is not too likely or not at all likely that they will have children — an increase of 7 percentage points from 2018.

Why it matters: The shift could lead to smaller family Thanksgiving dinners and major social and economic changes, as children become rarer in many parts of the country and more American adults reach old age with little to no family to support them.

Updated 5 hours ago - Politics & Policy

British national named in Colleyville synagogue standoff

A law enforcement vehicle sits near the Congregation Beth Israel synagogue on Jan. 16. Photo: Brandon Bell/Getty Images

British national Malik Faisal Akram took four people hostage at a Texas synagogue outside Fort Worth on Saturday, the FBI said in a statement.

State of play: Authorities had initially declined to release the name of the 44-year-old suspect or identify the hostages, all adults, though police chief Michael Miller confirmed that one of those held was Rabbi Charlie Cytron-Walker, who leads the congregation.

Updated 5 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Concerns grow over CDC's isolation guidelines — Experts warn of more COVID-19 variants after Omicron — WHO recommends 2 new treatments — What "mild" really means when it comes to Omicron — Deaths are climbing as cases skyrocket.
  2. Vaccines: America's vaccination drive runs out of gas— Puerto Rico expands booster shot requirements— Supreme Court blocks Biden's vaccine mandate for large employers.
  3. Politics: Vivek Murthy calls SCOTUS vaccine mandate block "a setback for public health" — Focus group says Biden weak on COVID response, strong on democracy
  4. Economy: America's labor shortage is bigger than the pandemic— — CDC COVID guidance for cruise ships to be optional starting Saturday — The cost of testing.
  5. States: West Virginia governor feeling "extremely unwell" after positive test — Youngkin ends mandates for masks in schools and COVID vaccinations for state workers — America struggles to keep schools open
  6. World: Beijing reports first local Omicron case weeks before Winter Olympics — Teachers in France stage mass walkout over COVID protocols.
  7. Variant tracker