Social Security COLA 2023 to get biggest boost

Social Security recipients to get the biggest boost after 41 years!

Social Security recipients are to receive $159 extra per month by 2023, according to the Senior Citizens League, a non-partisan advocacy group. The average benefit payment for the beneficiaries will be $1656 in 2022. The Social Security cost-of-living adjustment (COLA) will be calculated using inflation readings from July, August and September by the Social Security …

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