COLA

There's Bad News About the Big Social Security Rise of 2023

There’s Bad News About the Big Social Security Rise of 2023

(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …

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What you need to know about the 2023 Social Security changes beyond COLA

What you need to know about the 2023 Social Security changes beyond COLA

It’s no surprise that due to the rising level of inflation this country is experiencing, the Social Security COLA, or cost of living adjustment, is staggering. Other Social Security 2023 changes beyond COLA are also on the way. For 2023, people receiving social security will see an 8.7% increase in COLA. This means that if …

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