How Much Of A Raise For Ss In 2023
If the 8.7% figure is true, that would mean benefits would, on average, increase to about $1,801 versus the. But early evidence suggests that the raise will be the largest one that seniors have seen since 1981. Social security benefits will increase by 8.7% at the start of 2023. The social security administration (ssa) announced earlier this month that benefits are set to rise by 8.7% in 2023, the biggest bump since 1981, when recipients saw an 11.2% jump.
Consumers are paying 8.2 percent more on food, energy, and shelter. Social security increase for 2023 could reach double digits. Approximately 70 million americans will see a 8.7% increase in their social security benefits and supplemental security income (ssi) payments in 2023. Beginning in december, the social security.