Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living. The cost-of living adjustment the largest in more than 40 years means the average recipient will receive more…
Around the country, some of the 70 million people who receive Social Security payments are running the numbers to calculate what they can and can't afford once the new paychecks hit their bank accounts.
Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living.
WASHINGTON (AP) Millions of Social Security recipients will get an 8.7 percent boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living.