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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...
Since 1975, the Social Security COLA has been zero in three different years. (Note: Even in an deflationary environment, the COLA cannot be negative.) It has reached double digits twice, with a ...
The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s. Back then, the adjustments were much larger than they are now. Between 1975 and 1982, COLAs ...
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% ...
This year’s soaring inflation rate has all but assured that in 2023, Social Security recipients will get their highest cost-of-living adjustment in 41 years. Based on the latest consumer price ...
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 ...
On average, Social Security benefits will increase by more than $140 a month in 2023, the SSA said. The 8.7% COLA will begin with benefits payable to more than 65 million Social Security ...
Social Security recipients will see a big boost to their monthly benefit checks in 2023. According to the Social Security Administration, the cost-of-living adjustment (COLA) will be 8.7% for ...