Here’s the Lowest Your Social Security Increase Is Likely to Be
Article Excerpt: "...An old adage says, “Hope for the best, but prepare for the worst.” What is the worst outlook for the upcoming cost-of-living adjustment (COLA)? Here’s the lowest your Social Security increase will likely be. ...The good news is that you won’t have to wait very long to know for sure what the 2023 Social Security COLA will be. SSA plans to announce the benefits increase in mid-October. It’s likely that the announcement will come on Oct. 13, 2022. That’s the day that the Bureau of Labor Statistics is scheduled to reveal inflation data for September, including the CPI-W. Whatever the exact amount of the increase is, it will almost certainly be the biggest COLA in more than 40 years."
Resource: www.koamnewsnow.com