The Grim Reality of Social Security's Record "Raise" in 2023
In just 12 days -- Oct. 13, 2022, at 08:30 a.m. ET -- Social Security's more than 65 million beneficiaries will find out exactly how much their monthly benefit is slated to rise in 2023. For most of the 48.1 million retired workers receiving a Social Security check, unveiling the cost-of-living adjustment (COLA) is the most important announcement of the year.
Unfortunately, it's also an announcement with a long history of disappointment.
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