CREDIT GETIMAGE
CREDIT GETIMAGE
CREDIT GETIMAGE
Social Security and Supplemental Security Income (SSI) benefits will increase by 8.7 percent in 2023 for nearly 70 million Americans.
CREDIT GETIMAGE
CREDIT GETIMAGE
COLA will increase the monthly pay of the average retired worker from $1,681 to $1,827, an increase of $146. The COLA takes effect in December and updated benefits are paid through January 2023.
CREDIT GETIMAGE
CREDIT GETIMAGE
Social Security growth for 2023 is 8.7%. This means that starting in January, your benefit payments will increase by 8.7% every month.
CREDIT GETIMAGE
Next steps