Social Security’s Historic 2023 Raise is Indeed Welcome News
Katie Brockman notes seniors on Social Security will receive much larger checks starting this month, as the 2023 cost-of-living adjustment (COLA) at 8.7% officially takes effect. The COLA means the average retiree will receive around $140 more per month. Experts had been quick to point out that that money may not go far due to surging inflation. However, the most recent inflation data has promising news for those on Social Security. It turns out your boost in benefits might go further than you think, especially since Medicare premiums decreased. Full article here.