Your Social Security Benefit Will Increase To This Amount In 2023 😳

The 2023 cost of living adjustment continues to dominate the news about Social Security. I can partly understand why, it’ll probably be the 3rd or 4th largest increase in history. But with all of this attention comes some misinformation that comes from either sloppy reporting, not really understanding how these work, or maybe it’s just the inability to do basic math. I’ve seen estimates all over the place about how much the increase will be not only in terms of percentages but in dollars too. So I wanted to take just a few minutes and clarify a few things you should know.

– Explained by Devin Carroll, RSSA

 

 

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Posted on August 8, 2022 by Ted Rosedale
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