Inflation could give Social Security recipients a big COLA increase
Social Security recipients could receive the biggest cost-of-living raise in decades as a result of red-hot inflation, which has quickly eroded the buying power of retired Americans.
An official with the Social Security Administration estimated that benefits could see a cost-of-living adjustment as high as 8%, or an increase of about $132.64 per month, in early 2023. That would bring the average check to about $1,790. Should Social Security beneficiaries see an 8% increase in their monthly checks next year, it would mark the steepest annual adjustment since 1981, when recipients saw an 11.2% bump.
Ok….nice…but inflation and health insurance premiums have screamed for 5 yrs. Again nice but its the bigger picture not to mention the waste and abuse EBT…..
I prefer the 3 times the current amount and all the hidden Medical Technologies. Plus anything else they stole from me with their crap back in 1933.
Should be TRIPLE by now what it is !!! WAY BEHIND & Govt steals from it & Never puts it back since LBJ !!!!!!
Better Climb to 200% !!!
It’s about efn time!! The puny raise that social security gives each year is disgraceful! Medicare usually goes up more than the raise, so many of us get less money in our check! People on welfare get more than we do after having worked our entire lives til we got too old to do anything.