Social Security 2023: Latest Announcements and Information

Beginning in 2023, beneficiaries will see the largest increase in their payments in 41 years.

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COLA Increases and Inflation

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[{"selector":"#anim-aa39dce5-8084-46a2-a5cd-4c5389cd42b3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Experts forecast 2023 growth to be above 8% – mainly because inflation rates have consistently been 8% or higher. Experts forecast 2023 growth to be above 8% – mainly because inflation rates have consistently been 8% or higher. CREDIT GETIMAGE

When will my growth start?

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[{"selector":"#anim-74db4379-1503-4839-8a7a-8227ea94fb5b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] For those receiving Social Security benefits, the new payment amount will begin in January 2023. For receiving Supplementary Security Income, the new payment amount will start from December 30, 2022. For those receiving Social Security benefits, the new payment amount will begin in January 2023. For receiving Supplementary Security Income, the new payment amount will start from December 30, 2022. CREDIT GETIMAGE

How much money are you going to get?

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[{"selector":"#anim-913e3780-3380-48ad-b1bc-62e73d427f44 [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"}] SSI will send COLA notices to recipients and retirement, survivor and disability beneficiaries throughout the month of December. This notice will contain information about your new payment. SSI will send COLA notices to recipients and retirement, survivor and disability beneficiaries throughout the month of December. This notice will contain information about your new payment. CREDIT GETIMAGE

Could the 2023 COLA still be enough?

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[{"selector":"#anim-177cdd19-3458-41b0-b31c-6ac28847b6bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The 2023 COLA will give seniors an average additional benefit of $144 for individuals and an additional $240 for couples filing jointly. The 2023 COLA will give seniors an average additional benefit of $144 for individuals and an additional $240 for couples filing jointly. CREDIT GETIMAGE

[{"selector":"#anim-e00dff5b-4c19-4e2e-b2cc-fb20c660ee81 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] This is the highest increase in more than four decades, but some senior advocates believe it may not be enough for beneficiaries already battling inflation. This is the highest increase in more than four decades, but some senior advocates believe it may not be enough for beneficiaries already battling inflation. CREDIT GETIMAGE

Social Security 2023: Latest Announcements and Information

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Social Security 2023: Latest Announcements and Information

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Beginning in 2023, beneficiaries will see the largest increase in their payments in 41 years.

Beginning in 2023, beneficiaries will see the largest increase in their payments in 41 years.

COLA Increases and Inflation

COLA Increases and Inflation

When will my growth start?

When will my growth start?

How much money are you going to get?

How much money are you going to get?

Could the 2023 COLA still be enough?

Could the 2023 COLA still be enough?

Social Security 2023: Latest Announcements and Information

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