Social Security benefits are set to rise by 8.7% in 2023 

Social Security benefits are set to rise by 8.7% in 2023 

SSA announced earlier that benefits are set to rise be the biggest bump since 1981 

The recipients of Social Security are to see the biggest COLA in four decades 

As per SSA more than 64 million Americans collecting Social Security will receive the Higher payments  since beginning from January

How much exactly more money retirees actually received

Social Security will increase the average monthly benefit $1,827 from $1,681 in 2022

In December SSA will provide notices through the mail regarding new monthly benefit for next year

By Creating my Social Security account number which show your current / expected future benefits based on your retirement age and work history

Swipe up for more  web-stories

Arrow

                        For More Stories

Arrow