A White House tweet taking credit for the upcoming big cost-of-living adjustment for Social Security benefits has drawn a clarification from Twitter, along with criticism from Republicans. “Seniors are getting Read more
Tag: cola
Social Security COLA, Gen X and boomer money woes, and more retirement news and research
From MarketWatch: Social Security COLA 2023 benefits are rising 8.7% — here’s what that means for recipients: The cost-of-living adjustment for 2023 will be the largest increase for Social Security Read more
Social Security’s ‘taxable maximum’ inches higher—but will it make a dent in the trust fund?
Social Security’s payroll tax cap was raised nearly 9% for 2023, meaning more income will face Social Security taxes next year, but the rise is unlikely to affect the solvency Read more
Seniors are getting a $140-a-month Social Security raise — here’s why it may not be enough
The 66 million Americans on Social Security are getting a big cost-of-living increase: 8.7%. It goes into effect in December, with the first payment made in January 2023. It’s the biggest hike since Read more
Social Security COLA 2023 benefits are getting an 8.7% bump — here’s what that means for recipients
The cost-of-living adjustment for 2023 will be 8.7%, according to the Social Security Administration — the largest increase for Social Security benefits in more than four decades. Social Security’s COLA Read more
Opinion: Social Security’s COLA is no bonus
The Biden administration wants credit for the huge 2023 hike in Social Security benefits, announced Thursday, as well as the planned cut in Medicare Part B premiums. “For the first Read more
Social Security COLA 2023 benefits are getting an 8.7% bump — here’s what that means for recipients
The cost-of-living adjustment for 2023 will be 8.7%, according to the Social Security Administration — the largest increase for Social Security benefits in more than four decades. Social Security’s COLA Read more
COLA is coming: Here’s how much Social Security benefits are likely to rise next year
Retirees will have to wait a few more days to get official news about next year’s Social Security cost of living adjustments, but they are on track for an average Read more
This is how much Social Security benefits are likely to rise next year
Social Security beneficiaries could be looking at a very welcome bump of 8.7% in their benefits starting in January next year, if current trends continue. That hike would be the Read more
What the inflation report could mean for Social Security
It says something that we are now celebrating an annual inflation figure of “only” 8.5%. The latest rise in the official consumer-price index, off the charts compared to what was Read more
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