Scammers Might Come for Your Social Security Raise. Don't Be a Victim.
A new year means a generous raise for seniors on Social Security. Benefits are going up 8.7% in 2023 thanks to the largest cost-of-living adjustment (COLA) in years.
All told, the average Social Security benefit is expected to rise this month from $1,681 to $1,827. That's a nice boost -- and it could help many seniors gain buying power at a time when living costs are extraordinarily high.
But Social Security's giant COLA could put more seniors at risk of falling victim to scams. And that's something beneficiaries should be aware of.
Source Fool.com
