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How much will Social Security benefits increase in 2023?

The Social Security Administration will release the 2023 cost-of-living-adjustment (COLA) on October 13th. Many experts are projecting that it will be the largest increase since 1981. The COLA has only gone above 7 percent five times since 1975. So, what will this mean to the average Social Security beneficiary? Dan Avery explains how much seniors could see in their Social Security checks next year. Read Mr. Avery’s article here…

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