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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...
Millions of Social Security recipients got a 5.9% cost-of-living adjustment (COLA) increase in 2022 -- the biggest in decades. ... However, this prediction assumes that the COLA for 2023 is 10.8% ...
If inflation runs “hot” — or higher than the recent average — the 2023 COLA could be 11.4%, said Mary Johnson, the Senior Citizens League’s Social Security and Medicare policy analyst.
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 ...
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...
In 2023, seniors on Social Security saw their benefits rise by 8.7% as one of the most generous cost-of-living adjustments, or COLAs, arrived in the midst of soaring inflation.
Spiraling inflation could kick Social Security's annual cost-of-living adjustment (COLA) to 9% or more in 2023 -- a historically high increase that might still leave beneficiaries with less ...
Based on the latest consumer price data, the estimated Social Security COLA for 2023 is 8.7%, according to The Senior Citizens League, a non-partisan seniors advocacy group. If that happens, it ...