Social Security COLA

[tsptalk]

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Hot government inflation data points to an 8.6% cost-of-living adjustment for 2023, The Senior Citizens League said Friday.

That would top a 5.9% boost to benefits that went into effect this year, the highest in about 40 years.

Some advocacy groups and lawmakers want to change the way those annual adjustments to benefits are calculated.

https://www.cnbc.com/2022/06/13/inf...ocial-security-cost-of-living-adjustment.html

 

[tsptalk]

Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

New consumer price index data for June shows inflation has not cooled.

That could mean a 10.5% cost-of-living adjustment for Social Security beneficiaries in 2023, according to new estimates from The Senior Citizens League.

How big the increase is in 2023 will depend on inflation data for the coming months.

https://www.cnbc.com/2022/07/13/soc...ustment-could-be-10point5percent-in-2023.html

 

[nasa1974]

Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate


https://www.cnbc.com/2022/07/13/soc...ustment-could-be-10point5percent-in-2023.html

10.5% added to my SS check would be nice. But I would rather see us get inflation under control.

 

[Scout333]

Not to mention wrecking the Social Security system by bleeding it dry and heading it towards early bankruptcy.

 

[James48843]

Social Security cost of living increase will be: 8.7%.

CSRS increase will be: 8.7%

FERS increase will be: 7.7%

Increase to take effect in January.

https://www.fedsmith.com/2022/10/13/2023-cola-highest-since-1981/


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