The inflation gauge used by the Social Security Administration (SSA) to set the annual COLA came in at 9.1 percent for July — the first of three months the agency uses to determine the final figure slated to be announced in October. Any increase in benefits would take effect in January 2023.

Cost-Of-Living Adjustment (COLA) - Social Security

Since 1975 Social Securitys general benefit increases have been based on increases in the cost of living as measured by the Consumer Price Index.

Cost-of-Living Adjustment (COLA) Information | SSA - Social Security

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022. ... Read more about the ...

When is Social Security increase for 2023 announced? COLA may be ...

27‏/07‏/2022 — The Social Security cost of living adjustment known as COLA could be the highest in 40 years for 2023. The annual increase amount is ...

Social Security COLA adjustments are announced in October - USA Today

04‏/08‏/2022 — Social Security COLA raises are based on third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers.

Social Security 3 things retirees should know about 2023 COLA raise

قبل 3 أيام — The official Social Security COLA for 2023 will be announced in October. Its based on third-quarter inflation data and the third quarter ...

As inflation spikes Social Security cost-of-living bump could reach ...

13‏/07‏/2022 — Senior citizens and others who rely on Social Security payments will likely receive a big cost-of-living adjustment (COLA) in early 2023 ...

Social Security cost-of-living adjustment may be 9.6% in 2023

قبل 4 أيام — There are still two months of data to go before the official COLA for next year is announced. Gas prices are one of the big drivers of the CPI-W ...

2023 Social Security COLA could be biggest in 40 years - InvestmentNews

11‏/05‏/2022 — The official Social Security COLA for 2023 will be announced in October. Its based on the increase in average CPI for the third quarter of ...

2023 Social Security COLA could see significant increase alongside ...

14‏/07‏/2022 — One consequence of these inflationary pressures is a potential increase in the cost of living adjustment (COLA) for Social Security ...