Social Security COLA to be 8.7% for 2023

Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023. See 2023 Social Security Changes – Fact Sheet

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Lower gas prices means no Social Security increase next year

By Stephen Ohlemacher – October 11, 2015 WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation’s population. They can blame low gas prices. By law, the…

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Social Security Announces 1.7 Percent Benefit Increase for 2015

Press Release Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 64 million Americans will increase 1.7 percent in 2015, the Social Security Administration announced today. The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 58 million Social Security beneficiaries receive in January 2015. Increased payments to more than…

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