I thought I would share some good news that I read in a recent USA Today Newspaper article by Paul Davidson. It is predicted that there will be a 8.3% increase in Social Security checks! (With all the inflation recently, every little bit helps!)
Excerpts:
"The roughly 70 million people – retirees, disabled people and others – who rely on Social Security could receive an 8.6% cost-of-living adjustment, or COLA, next year, according to an estimate from Mary Johnson, a policy analyst for the Senior Citizen League, an advocacy group.
For the average retiree who got a monthly check of $1,657 this year, the bump would mean an additional $142.50 a month in 2023, boosting the typical payment to $1,800.”1
To read the entire article, click on the web link below:
1. Source: USA Today Article by Paul Davidson
https://www.usatoday.com/story/money/2022/05/13/cola-2023-social-security-cost-living-boost-inflation/9762924002/
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