If you’re a Social Security recipient, you probably already know the good news. For 2022, the Social Security COLA, or increase, was 5.9%, but it’s on track to be around 9% in 2023 based on recent inflation readings. As of July, the CPI-W was up 9.1% on a year-over-year basis so the 2023 COLA is likely give a significant boost for most retirees.
From:: Yahoo News – Sports