Social Security's 2023 COLA Will Be Smaller Than Expected. That's a Good Thing.
Next month, the Social Security Administration will announce the cost-of-living adjustment (COLA) for 2023.
This adjustment is supposed to help benefits keep pace with inflation. And because inflation has surged at a historic pace this year, retirees can expect a significant boost in benefits.
However, while we won't know the official COLA until mid-October, there are signs suggesting that it may not be as large as expected. Here's why that's actually a good thing.
Source Fool.com