Social Security beneficiaries will soon see a big increase in their 2023 payments thanks to a record-high cost of living adjustment (COLA) — one that increases amounts paid out by 8.7%, starting with ...

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Slowing inflation is cheered by most people, but for Social Security recipients, it’s a double-edged sword. Annual inflation cooled in May to 4%, the smallest rise since March 2021 and well off the ...

The Social Security COLA will be 8.7% in 2023, the largest increase in benefits since 1982. The Social Security COLA in 2022 underestimated the pace of inflation, and the same outcome is possible in ...

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The Cost of Living Adjustment (COLA) is an annual increase in Social Security benefits designed to keep up with inflation. For 2026, the Social Security Administration (SSA) has announced a COLA of ...

The Social Security Administration (SSA) recently announced the highest cost-of-living adjustment (COLA) for beneficiaries in 40 years. The 8.7% increase, which takes effect on January 1, 2023, ...