When will you encounter the 2023 COLA increase benefit

The SSA reveals the COLA for benefit checks in 2023 in October.

[{"selector":"#anim-fb20f917-1e62-4795-b34d-08d36a5bb068","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] credit getimage

[{"selector":"#anim-2b7f9d11-8bd8-4336-ace7-c8b7c1667551 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The new news is that COLA seniors will get 8.7% more this year than in 2022. The new news is that COLA seniors will get 8.7% more this year than in 2022. credit getimage

[{"selector":"#anim-b953eb36-0992-4820-a2ba-a393e3cb7803","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-425d5ba6-1346-4042-9f5a-dced31e5b5ad","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] According to AARP, this increase would translate to about $146 more in each check for the typical retiree. According to AARP, this increase would translate to about $146 more in each check for the typical retiree. credit getimage

How much does the average Social Security recipient get?

[{"selector":"#anim-d0dcac33-37d9-42d0-94a3-83d99eb46fbc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] credit getimage

[{"selector":"#anim-3eac0459-b98c-4872-a39a-9155351fdb39 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] In July 2022, more than 70 million people received some form of SSA support. Of which more than 50 million claimed retirement benefits, which was 77.6 percent. In July 2022, more than 70 million people received some form of SSA support. Of which more than 50 million claimed retirement benefits, which was 77.6 percent. credit getimage

[{"selector":"#anim-62e11d6b-228b-4305-9661-13ab20488f3e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.63970578307931%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Scams using 2023 Social Security COLAs to steal SSNs are on the rise. Scams using 2023 Social Security COLAs to steal SSNs are on the rise. credit getimage

[{"selector":"#anim-6cbf29d9-37a1-43dd-a4b6-7d9c40f51084 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] But be mindful to alert parents to potential robocalls from scammers trying to get a Social Security number using the 2023 COLA as a hoax But be mindful to alert parents to potential robocalls from scammers trying to get a Social Security number using the 2023 COLA as a hoax credit getimage

When will you encounter the 2023 COLA increase benefit

[{"selector":"#anim-42d53733-4773-4079-b077-1d11d22c8397","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5d7832b-96f6-4c3b-886a-5466b2efa3f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-341e790b-867b-465d-9111-5b7ac4a38f89","keyframes":{"transform":["translate3d(977.27204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce9daa9e-bf71-4758-8151-75f1eb11af7a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-701edf69-a941-4538-9abc-bda14055cab9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15bc6c82-ca4a-49b9-8bac-77ffb85ba515","keyframes":{"transform":["translate3d(-148.27585%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5572895f-271f-44f0-8158-91a08f16c415","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c0575d1-4411-4a5c-b24c-ea64072a9e62","keyframes":{"transform":["rotate(-8deg) translate3d(-181.8182%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87f75ca4-a48c-462f-b25b-5861be9ea8bf","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d21fd7b-e9d1-4e0d-9cd5-1e872dcbd8f4","keyframes":{"transform":["translate3d(-349.99972%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b96cfc0b-2f8e-406d-9a67-47e1d7307fd9","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-047bd91d-8624-449d-8fd9-826ae2e6ca92","keyframes":{"transform":["translate3d(-168.42106%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6b579ba-4122-43d9-96c9-9ec9a6f61128","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2622655b-7cbd-405d-bd52-7c2f21fd0c0b","keyframes":{"transform":["translate3d(153.44826%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbae2c63-1879-4126-9a5b-ce79e070490e","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40bee67b-b58a-44bb-8ec6-50b35ec32258","keyframes":{"transform":["rotate(-8deg) translate3d(184.09095%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Next steps Learn more

When will you encounter the 2023 COLA increase benefit

When will you encounter the 2023 COLA increase benefit

The SSA reveals the COLA for benefit checks in 2023 in October.

The SSA reveals the COLA for benefit checks in 2023 in October.

How much does the average Social Security recipient get?

How much does the average Social Security recipient get?

When will you encounter the 2023 COLA increase benefit

3

share the story

A

click here for more information