Hot off the press: The government announced yesterday that Social Security benefits will increase by 8.7% at the start of 2023. The Answer Everyone’s Been Waiting For Many senior citizens have been patiently waiting for the U.S. Bureau of Labor Statistics, BLS, to release the September data to confirm the increase in benefits this January. Yesterday the BLS confirmed an 8.7% increase in benefits starting in … Continue reading Government Officially Announces Social Security Benefits to Increase by 8.7% in 2023!
Recipients of Social Security may receive the biggest cost-of-living adjustment (COLA) in 40 years causing check recipients to receive a nice “raise” next year. The Social Security “Raise” On Tuesday, the Senior Citizens League, a group that lobbies for seniors, released inflation figures for August, noting the diminishing buying power of retired Americans. American’s inflation is at an 8.3% annual rate as of August 2022. … Continue reading Social Security Checks are About to Get Fatter