Tomorrow's a Big Day for Social Security Beneficiaries. Here's Why
It's hardly a secret that inflation has been battering consumers since the latter part of 2021. And seniors on Social Security have been particularly affected by inflation.
At the start of 2022, Social Security benefits got a 5.9% cost-of-living adjustment, or COLA. At the time, that raise represented the largest one seniors had received in decades. But it also clearly hasn't held up well in the face of soaring inflation.
At this point, seniors are eager to learn what their 2023 COLA will look like. And the good news is that the wait is almost over.
Source Fool.com
