Social Security recipients will have more money to spend in 2023
September 14, 2022
Recipients of Social Security may see their monthly checks increase up to 8.7 percent as part of their cost-of-living-adjustment (COLA), according to Mary Johnson, a policy analyst for the Senior Citizen League. The average retiree got a monthly check of $1,656 this year. That would go up to $1,800 if Ms. Johnson’s estimates are correct.
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