Traveling knowledge
By: John Derric
A cost-of-living adjustment in this example would be an additional $1,800 a year
the COLA adjustment could be around 9.6% if inflation continues at a similar pace
The cost-of-living adjustment began with benefits payable to more than 64 million Social Security beneficiaries in January.
people receiving Supplemental Security Income payments, those with a disability or blindness who have income
estimates the shortfall is roughly $58 a month on a $1,656 monthly Social Security benefit.
No one can say for certain how much Social Security benefits will increase in 2023.
The estimated that next year’s Social Security COLA would be 8.7%.
Some seniors benefited as prescription drug prices increased only 2.8% over the past 12 month
half of retirees who feel less confident about their ability to live comfortably in retirement blamed inflation for triggering more anxiety
If you're at least 62 in 2023, you'd benefit automatically from next year's COLA increase
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