Here's How Much Social Security Checks Are Expected to Increase in 2023
For most aged Americans receiving a Social Security check each month, this income is indispensable. According to an April poll by Gallup, 89% of surveyed retirees rely on their monthly benefit to some degree to make ends meet.
Given how important Social Security is to the financial well-being of our nation's retired workforce, there's no announcement more anticipated than the cost-of-living adjustment (COLA), which will be announced on Oct. 13, 2022, at 8:30 a.m. ET.
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Source Fool.com