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Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades

October 14, 2022

Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades

Retirees' average monthly Social Security check will increase by about $145 in 2023

Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades