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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% ...
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 ...
According to the latest Consumer Price Index report (released on Oct. 13), the cost of food is up 11.2% over this time last year while utilities like electric and piped gas are up 19.8% and the ...
A new bill has been introduced in Congress that would increase the annual cost of living adjustment ... and the 2023 COLA was an astronomical 8.7% thanks to stubborn inflation. ... if the increase ...
The latest cost-of-living (COLA) adjustment boosted Social Security and Supplemental Security Income (SSI) payments by 8.7%, outpacing current inflation.This year, SSI recipients should see a ...
The maximum SSI amount changes based on annual cost-of-living adjustments (COLAs), which are tied to inflation. The 2023 increase is thanks to an 8.7% COLA announced by the SSA.
Following a decade of mostly anemic COLAs, beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. The 8.7% cost-of-living adjustment marked the largest percentage increase ...
The last cost-of-living adjustment came in December 2022, when the Social Security Administration increased 2023 payments by 8.7%. The 2023 increase was the highest cost-of-living adjustment made ...