3 Key Things About Social Security's Big 2023 Boost Retired Seniors Should Know
Nothing's been finalized yet, but 2023 seems poised to bring Social Security's biggest increase in over 40 years. This is a big deal for the millions of Americans who count upon Social Security to help them cover their expenses. But there are still a lot of misconceptions about this impending benefit boost. Here are three things all Social Security recipients ought to know about it.
Social Security checks are projected to go up because of the cost-of-living adjustments (COLAs) the Social Security Administration makes every year. There's nothing recipients need to do in order to claim these larger checks. Beginning in January 2023, you'll automatically start getting more from the program.
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Source Fool.com
