Tim Robbert | Digital Vision | Getty Images On January 18, the first benefit checks of 2023 will be sent to beneficiaries whose date of birth falls on the 11e up to 20e of their month of birth. These recipients can expect to receive their benefit checks on the third Wednesday of each month. On …
The first checks with 8.7% COLA arrive in January Read More »
Ascent/Pks Media Inc. | Photodisc | Getty Images Current Social Security recipients are set to receive an 8.7% increase in their benefits for 2023 starting this month, thanks to the highest cost-of-living adjustment in 40 years. If you are at or near the Social Security retirement benefit eligibility age of 62, you may be wondering …
Almost 62? What you need to know about the 8.7% COLA of social security Read More »
Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
What to know as Social Security’s record 8.7% COLA goes into effect Read More »
Baguette_prapan | Istock | Getty Images The average Social Security retiree benefit will increase by $146 per month in 2023, thanks to a record 8.7% cost-of-living adjustment caused by high inflation. More than 70 million Social Security and Supplemental Security Income recipients will benefit from these higher payments. “This is the highest COLA in 40 …
Social Security’s 8.7% cost-of-living adjustment could affect its solvency Read More »
