Social Security Checks Could Soar in 2023: Here's How Much Extra Seniors Might Receive

For better or worse, Social Security is our nation's most vital social program. It's responsible for pulling 22.5 million people out of poverty every year and is expected to play a vital role in helping nonretirees make ends meet during their golden years. A recent survey from national pollster Gallup found that 84% of nonretirees plan to lean on Social Security as a "major" or "minor" source of income when retired. 

Considering how important the program is to the financial well-being of tens of millions of currently retired Americans, there's perhaps no announcement more universally awaited than Social Security's annual cost-of-living adjustment (COLA).

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Source Fool.com