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Social Security recipients received a high cost-of-living adjustment (COLA) of 8.7% in 2023 — an average of $140 more per month — the largest hike in more than 40 years.
The Social Security Administration's announcement this week that beneficiaries will get an 8.7% cost-of-living adjustment (COLA) in 2023 should provide welcome financial relief to those struggling ...
The group’s latest COLA estimate is well below earlier estimates this year — estimates that projected a Social Security increase as high as 10.5% in 2023. However, even an increase of 8.7% ...
With the impending close of 2022, you might be making resolutions for the new year, including keeping a closer eye on what's in store for Social Security and the cost-of-living adjustment ...
With 2023 fast approaching, Social Security beneficiaries will soon get a definite answer on how much their monthly payments will go up next year based on the current quarter's inflation rate. For...
The big news for 2023 is an 8.7% jump in the Social Security COLA, which is the highest since an 11.2% increase in 1981. The COLA’s steep hike this year is due to the soaring inflation rate ...
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