Biggest Social Security COLA in 40 Years: 8.7% Boost

The Social Security Administration has just announced the 2023 COLA – Cost of Living Adjustment – will be the highest since 1981. The 8.7% increase tops the previously highest increase of 5.9% in 2022. That was the highest in forty years also. The monthly benefit increase for the average Social Security retiree will be $146 […]

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