Social Security benefits to increase 8.7% in 2023
0:54
ABC NewsZunaira Zaki
Social Security benefits to increase 8.7% in 2023
The increased payouts come as the U.S. deals with record inflation.
Oct 13, 2022
Social Security Administration Social Security Benefits
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The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC
The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC
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