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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 ...
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 ...
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.
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 ...
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 ...
In October, the Social Security Administration announced that the 2023 cost-of-living adjustment (COLA) will be 8.7% — the biggest boost in 41 years. Read: 9 Safest Places To Retire Abroad 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% ...
This week, the Social Security Administration announced the biggest payment increase for the program in decades. Every year since 1975, the SSA has instituted a cost-of-living adjustment (COLA ...