I just posted the following on another thread concerning PSE 2021 and 2022:
I have been interacting on several threads within the Adobe Community and have two workarounds that generally work but do not solve the problem with PSE 2021 (and presumably also PSE 2022). Note that I am using the 27" Intel iMac from last year.
First option: Restart Monterey and try again. Generally you can get one operation of Editor per restart.
Second option: Use an executable file hidden within the PSE 2021 folder. The path is /Applications/Adobe Photoshop Elements 2021/Adobe Photoshop Elements 2021.app/Contents/MacOS/Adobe Photoshop Elements 2021. (You get into the Contents folder by right clicking the app found within the PSE 2021 folder.) For me, this works about one out of every three attempts.
A helpful employee of Adobe who happens to follow discussions posted the second option but could not give a timetable for getting this issue properly fixed.