Collecting Social Security? Here's When You'll Know the Size of Your Next Big Raise

If you are a retiree relying on Social Security benefits, you are probably aware that the amount of money you get can change from year to year. Specifically, in most but not all years, seniors get a Cost of Living Adjustment (COLA). Although this adjustment isn't a raise in the traditional sense, it does mean checks get bigger. As a result, many people are eager to find out exactly how much extra money they'll get in the upcoming year.

For those waiting to find out what 2023 will bring, here's when the data on Social Security COLAs will be revealed.

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Source Fool.com