Social Security COLA increase to be announced Thursday
Social Security COLA increase to be announced Thursday
(NEXSTAR) – Social Security recipients will soon know exactly how much their monthly payments will jump next year.
On Thursday, Oct. 13, the Social Security Administration is set to announce its cost-of-living adjustment (COLA) for 2023. It’s expected to be the largest increase in payments for beneficiaries in 40 years, The Hill’s Changing America reports.
The reason for the anticipated massive…