2023 Social Security Increase
6 social security shakeups expected in the new year new cola takes effect. It is estimated that cola for next year could reach 10.5% or more. Social security benefits in 2023: The big news for 2023 is an 8.7% jump in the social security cola, which is the highest since an.
A 10.5% cola would amount to. 6 social security shakeups expected in the new year new cola takes effect. Approximately 70 million americans will see a 8.7% increase in their social security benefits and supplemental security income (ssi) payments in 2023. Social security benefits will increase in 2023 by the largest spike in decades as americans cope with high inflation.