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Based on CPI data through August, the estimated Social Security COLA for 2023 is 8.7%, according to The Senior Citizens League, a non-partisan seniors advocacy group.
The Social Security Administration’s Oct. 13 announcement that next year’s COLA will rise 8.7% from 2022 was in line with most projections. For months, experts speculated that the 2023 ...
On average, Social Security benefits will increase by more than $140 a month next year, the SSA said. The average yearly benefit for 65-year-olds in 2023 is expected to rise to $30,708, or $2,559 ...
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 ...
A new year means a new schedule of Social Security payments for the 66 million beneficiaries who are enrolled in the program.. Social Security: Why Not Everyone Will Get An 8.7% COLA Increase in ...
Unless the U.S. inflation rate took a swift and miraculous dive in September, the Social Security Administration this week is expected to announce its biggest annual cost-of-living adjustment in ...
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...
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% ...