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Social Security recipients to get 8.7% increase next year — highest since 1981

Por: CBS News Politics October 13, 2022

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The Social Security Administration Thursday that its 66 million beneficiaries will receive an for 2023, the largest annual boost since 1981. The increase means the average benefit check will rise more than $140 to $1,827 a month, compared with the typical monthly payment of $1,681 in 2022. The annual cost-of-living adjustment, or COLA, is based on the inflation rate during the third quarter, or July through September — with the government... + full article



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