4 Things Retirees Need to Know About the Big Social Security COLA in 2023
Since 1975, Social Security checks have received an annual cost-of-living adjustment (COLA) to protect the buying power of benefits from inflation. Given the critical role Social Security plays in retirement and the toll inflation has taken on the economy this year, many retired workers are anxiously awaiting their "raise" in 2023.
Here are four important details about the massive Social Security COLA coming next year.
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Source Fool.com
