Welcome to AS USA 2023 COLA Increase Updates
Hello and welcome to AS USA’s live blog on the COLA increase in social security in 2023 for Sunday October 16.
The Social Security Administration announced the 2023 Cost of Living (COLA) adjustment for Social Security benefits, for programs such as: Supplemental income security and social security disability insurance. Other government retirement and benefit programs will also be affected by: the increase of 8.7%.
The COLA offered for next year is historical in size after inflation ravaged the markets for basic goods consumed by most households, including: food, shelter, utilities and gasoline.