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 ...

Federal retirees can breathe a sigh of relief: They will continue to be able to buy groceries, pay for health care and put gas in their cars in 2023. Most retirees will see the largest annual increase ...

With inflation hitting American wallets over the past year, the Social Security Administration's annual cost-of-living adjustment could be huge for 2023. The September 2022 Consumer Price Index (CPI) ...

Social Security’s cost-of-living adjustment (COLA) in 2022 fell short of what retirees needed to keep up with inflation. Retired workers and their spouses will likely see another massive increase in ...

Imagine getting a $92 monthly raise at the beginning of the year and then seeing your average monthly expenses rise by more than $130 for the rest of the year. That’s what most Social Security ...

The Social Security cost-of-living adjustment (COLA) could be as big as 9% next year, the largest increase in benefits in 40 years. The Social Security COLA enacted this year fell short, causing ...

The Social Security Administration announced Thursday that its 66 million beneficiaries will receive an 8.7% cost-of-living increase for 2023, the largest annual boost since 1981. The increase means ...

The new COLA, or cost-of-living adjustment, for 2023 is 8.7%, the highest in 40 years, according to the Social Security Administration (SSA). Social Security recipients received a 5.9% COLA boost in ...