The SSA Announces an 8.7% Cost-of-Living increase in 2023, Highest Increase in 40 Years
Earlier this morning, the Social Security Administration (SSA) announced a Cost-of-Living Adjustment (COLA) for 2023. Social Security and Supplemental Security Income (SSI) recipients will see an 8.7% increase in their benefits. Prior to 2022, COLA increases had been around 1-1.3%. Last year saw a major increase of 5.4%, but this year’s adjustment is the highest …
The SSA Announces an 8.7% Cost-of-Living increase in 2023, Highest Increase in 40 Years Read More »
