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Social Security benefits are increasing in 2023, which will help seniors raise their standard of living.
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The White House said seniors would see an average of $140 more in their Social Security checks in 2023.
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The 8.7% COLA increase for 2023 was announced by the Social Security Administration on October 13. People who work in the Federal Employees Retirement System (FERS) will receive a 7.7% COLA starting in January.
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