COLA Social Security payment schedule 2022 — Exact dates to expect $1,804 payment and 2023 boost — are you eligible?

THE rise in inflation in the US is generating concern among many individuals across the country, but retirees may benefit from a bigger cost-of-living adjustment (COLA) in 2023. Next year’s COLA is projected to be higher than the 5.9 percent for 2022 as a consequence of the spiraling Consumer Price Index (CPI). According to the Senior Citizens League, the current projected COLA for 2023 is 8.9 percent, which is a whopping three percent more than in 2022. The average monthly benefit from the COLA is currently $1,657, but this will climb to $1,804 in 2023 if the corrected number is… Read Full Article