COLA Increase goes into effect with December 2022 benefits in My Social Security Check
COLA Increase goes into effect with December 2022 benefits in My Social Security Check
Next year Social Security benefits will see their largest increase in more than four decades
The cost of living adjustment, or COLA for 2023 will be 8.7% which is the biggest jump since 1981
On an average COLA increase is the equivalent of about $146 more per check
COLA Increase goes into effect with December 2022 benefits which appear in checks in January 2023
Social Security payments are made on Wednesdays following Upcoming schedule for November month
If your birth date is on the 11th-20th your payment will be distributed on November 16
If your birth date is on the 21st-31st your payment will be distributed on November 23
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