Here's Where Social Security's 2023 COLA Ranks, Historically
For Social Security's more than 65 million beneficiaries -- and especially its 48.1 million retired workers -- the most important day of the year is only two weeks away. On Oct. 13, 2022, at 8:30 a.m. ET, the Bureau of Labor Statistics (BLS) will announce September's inflation data, which is the last puzzle piece needed to calculate Social Security's cost-of-living adjustment (COLA) for 2023.
Since the vast majority of seniors receiving Social Security rely on this income to make ends meet during retirement, knowing how much they'll be paid on a monthly basis is important.
Image source: Getty Images.
Source Fool.com
