The Social Security Administration is expected to announce a cost-of-living adjustment (COLA) increase for beneficiaries in 2023. If the announcement is made today, the monthly benefit amount for retired workers would rise by an estimated 8.7%.
The Social Security Administration is expected to announce a cost-of-living adjustment (COLA) increase for beneficiaries in 2023. If the announcement is made today, the monthly benefit amount for retired workers would rise by an estimated 8.7%.