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Here’s a snapshot of what’s coming in 2023. New retirement reforms. ... (COLA) for 2023. The increase is the largest since 1981, when the COLA was 11.2%, and raises the average retiree benefit ...
Yahoo Finance’s Kerry Hannon joins the Live show to break down the 2023 COLA increase. ... Video. Follow Us. Social Security: Cost-of-living adjustment to hit 8.7% in 2023. October 13, 2022 at 4 ...
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 ...
Inflation was still red hot in August, and not-for-profit advocacy group The Senior Citizens League (TSCL) said that it anticipates the Social Security cost-of-living-adjustment (COLA) to be 8.7%,...
As expected, the Social Security Administration on Thursday announced its biggest annual cost-of-living adjustment (COLA) in more than four decades, with Social Security recipients set to get an 8 ...
This week, the Social Security Administration announced the biggest payment increase for the program in decades. Every year since 1975, the SSA has instituted a cost-of-living adjustment (COLA ...
The 2023 COLA is the biggest annual increase since the 11.2% adjustment in 1981. Over the past 40 years, the next highest COLA was this year’s 5.9% bump — only the second time during that span ...
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...