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The Social Security Administration has made its annual cost-of-living adjustment (COLA) for 2023.Recipients of Social Security and SSI are receiving an additional 8.7% on their monthly benefits as ...
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 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.
The 2023 COLA is the biggest annual increase since the 11.2% adjustment in 1981. Over the past 40 years, the next highest COLA was this year’s 5.9% bump — only the second time during that span ...
Each year, usually in October, the Social Security Administration announces the cost-of-living adjustment (COLA) increase for the following year. With the Consumer Price Index (CPI) for September ...
The 8.7% COLA Social Security recipients got in 2023 is actually not the program's largest one on record. The largest COLA to ever arrive was the 14.3% raise that came in 1981. And the following ...
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