Image Credit: Google

Social Security Beneficiaries Will Enjoy

Image Credit: Google

The benefits increase for Social Security that takes inflation into account is known as a COLA.

Image Credit: Google

The Social Security Administration announced an 8.7% cost-of-living increase for 2023.

Image Credit: Google

This 8.7% "raise" represents the greatest percentage increase in 41 years.

Image Credit: Google

This buying power loss ought to somewhat decrease in 2023.

Image Credit: Google

The majority of the purchasing power that seniors have lost over the previous 22 years has not even come close to being recovered by seniors.

Image Credit: Google

For seniors, who matter the most, CPI-W performs a lousy job of tracking inflation.

Image Credit: Google

This is what has caused recipients to continually lose buying power.

Image Credit: Google

Your retirement income may increase thanks to "Social Security secrets."

KNOW MORE