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As noted by CBS, the last time Social Security saw this kind of increase was back in 1981 when the SSA announced a COLA of 11.2%. The news of the 2023 payment increase comes as a relief to the ...
The average Social Security COLA from 1975 to 2023 was 3.8%. However, the sky-high inflation in the 1970s and early 1980s skews this average somewhat. The median Social Security COLA during the ...
Next year’s Social Security cost-of-living adjustment (COLA) will likely be less than half of the increase seniors enjoyed in 2023, according to new estimates, as inflation continues to cool ...
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% ...
Social Security recipients will soon find out what their new monthly payments will be in 2023 after the 8.7% cost-of-living adjustment (COLA) kicks in. Beginning in December, the Social Security...
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...
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 ...
As a result, the Social Security cost-of-living adjustment (COLA) for 2023 will likely be an increase of 8.7%, according to estimates from the Senior Citizens League. That’s down from 9.6% to 10 ...