Social Security Report

Short-lived break in 2023 for Social Security recipients? - AMAC & MarketWatch

Paul Brandus reviews the 5.9% cost of living adjustment (COLA) for 2022 and upcoming 8.7% increase for 2023 in the context of actual inflation. If current trends continue, and inflation does ease, seniors may finally have a year where they “break even” or their buying power increases. It’s been a challenging 12 months. Brandus details some of the price increases from the past year and the cautious optimism about 2023 in the full MarketWatch piece here.

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