2023 Social Security Cola
Social security and supplemental security income (ssi) benefits for approximately 70 million americans will increase 8.7 percent in 2023. In other words, starting in january 2023, you’ll be allowed to retain more of your paycheck. The general rule of thumb is that. Given the 2023 cola increase of 8.7 percent, the average benefit could reach $1,819 in january.
In other words, starting in january 2023, you’ll be allowed to retain more of your paycheck. With the cpi for august now available, the nonprofit senior citizens league has predicted a cola increase of 8.7%. Social security and supplemental security income (ssi) benefits for approximately 70 million americans will increase 8.7 percent in 2023. The first check social security beneficiaries receive in 2023 will show an 8.7% increase in benefits, known as a cost of living adjustment, or cola.