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The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981 and is the fourth biggest COLA in the ...
The big news for 2023 is the record-breaking cost of living adjustment that will increase payment amounts by 8.7%, the biggest jump in 40 years and the fourth-largest of all time.
In the 2023 Social Security COLA Announcement, Kijakazi states that as long as you set up your My Social Security account online by Nov. 15, 2022, you will be able to see the exact adjustment in ...
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 ...
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...
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 ...
A government audit revealed that the Social Security Administration had incorrectly listed 23,000 people as dead in a two-year period. These people sometimes faced difficulties in convincing government agencies that they were actually alive; a 2008 story in the Nashville area focused on a woman who was incorrectly flagged as dead in the Social Security computers in 2000 and had difficulties ...
An 8.7% increase in the 2023 COLA would translate into an average monthly increase of $144.10, CBS News reported. This would boost the typical benefit to $1,802 a month from $1,658 in 2022.