Is Social Security Getting A Raise In 2023
Here's how that breaks down for different groups, according to the social security administration. The 2023 social security raise won't be announced until october of 2022. Inflation may push the 2023 social security increase (cola) to a record. In fact, the 2023 cola is the highest increase since 1981, when it was 11.2 percent.
Inflation may push the 2023 social security increase (cola) to a record. How much will social security benefits increase in 2023? The average retiree collects around $1,670 per month in benefits, according to the latest data from the social security administration. 13, 2022, at 08:30 a.m.