Social Security Administration Announces 8.7% Cost-of-Living Adjustment for 2023
On October 14, 2022, the Social Security Administration announced an 8.7% cost-of-living adjustment (COLA) that will begin in January 2023. This is the largest COLA adjustment in 40 years and was approved to address the high inflation rate. The adjustment will impact both Social Security Disability (SSDI) and Supplemental Security Income (SSI) benefits and the […]
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