3 Social Security Changes We'll Learn About This Week Outside of Next-Year's COLA
How much will Social Security benefits increase by in 2023? That's the big question on a lot of people's minds. And in just a few days, we should have an answer.
On October 13, the Social Security Administration is expected to give an official update on next-year's cost-of-living adjustment (COLA). Earlier this year, some estimates were calling for a 2023 COLA as high as 11%. At this point, a raise that substantial seems unlikely unless September's inflation reading really surprises us. But either way, it's fair to assume that next-year's Social Security COLA will be the largest one in decades.
It's easy to see why so many people are eager to know that number. But it's not just 2023's COLA that the Social Security Administration will announce later this week. Here are a few important changes we should soon learn about.
Source Fool.com
