COLA 2023
Another Indictment of Social Security’s COLA and its Inadequacy
Sure, the 8.7% cost-of-living adjustment showing up beginning this month in beneficiaries’ monthly payments is welcomed relief, but the question of how well it compensates for inflation is subject to frequent questions. In a nasdaq.com post by Bram Berkowitz, the…
The Average 2023 Monthly Benefit–How Do You Compare?
The Motley Fool’s Maurie Backman, in a post on wfmz.com, reports on the 2023 COLA-infused average monthly benefit. As she points out, though, one of the important things to be remembered about the 8.7% bump is that it simply reflects…