Tag Archives: COLA

Social Security Benefits To Increase By Nearly 9% In 2023

social security administration

The United States’ Social Security Administration (SSA) has announced an 8.7% cost-of-living adjustment (COLA) for 2023 – the largest increase in four decades. The COLA affects the more than 70 million recipients of Social Security and Supplemental Security Income (SSI) benefits in the States, ensuring that their payments rise in …

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Social Security Cost Of Living Increase To Be 5.9 Percent In 2022

Social Security Administration

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced Wednesday. The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022. According to some …

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