Tuesday Tip: 2023 COLA Increase

Posted On: November 15, 2022

In this week’s #TuesdayTip, we break down the 2023 Social Security COLA increase.

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023.

The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Increased payments to more than 7 million SSI beneficiaries will begin on December 30, 2022.

Click Here for more on the 2023 cost-of-living adjustment calculations.

Tags: ,

SEARCH IN BLOG

ARCHIVE

CATEGORIES

LATEST POSTS

YOU MIGHT ALSO LIKE

Summer Maintenance

Essential Summer Maintenance on Property

Summer Maintenance is essential for keeping properties safe, comfortable, and efficient during the hottest months of the year. Whether you’re managing […]

Read More
Social Security Overpayment withholding

Social Security Overpayment Withholding: What You Need to Know

The Social Security Administration (SSA) has recently revised its policy on recovering overpayments, a change that could significantly impact beneficiaries, […]

Read More

Understanding HUD's 2025 Income Limits

Today, The U.S. Department of Housing and Urban Development (HUD) released the 2025 FY Income limits. Understanding 2025 limits is […]

Read More