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1. Cost-of-Living Adjustment (COLA) Information | SSA
Link: https://www.ssa.gov/cola/
Description: WebThe 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately 7.5 million SSI recipients will begin on December 29, 2023.
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2. Social Security Changes - COLA Fact Sheet - The United …
Link: https://www.ssa.gov/news/press/factsheets/colafacts2023.pdf
Description: Web2023 SOCIAL SECURITY CHANGES. Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023.
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3. Social Security Benefits Increase in 2023 | SSA
Link: https://blog.ssa.gov/social-security-benefits-increase-in-2023/
Description: WebOct 13, 2022 · Last Updated: November 2, 2023. Approximately 70 million Americans will see a 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January.
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4. Latest Cost-of-Living Adjustment - The United States Social Security
Link: https://www.ssa.gov/OACT/COLA/latestCOLA.html
Description: WebThe latest COLA is 3.2 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 3.2 percent beginning with the December 2023 benefits, which are payable in January 2024. Federal SSI payment levels will also increase by 3.2 percent effective for payments made for January 2024.
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5. Cost-Of-Living Adjustment (COLA) - The United States Social Security
Link: https://www.ssa.gov/OACT/COLA/colasummary.html
Description: WebWe determined a 3.2-percent COLA on October 12, 2023. We will announce the next COLA in October 2024. Social Security program information. COLA History; How the COLA is applied to Social Security retirement benefits; Effect of the 3.2-percent COLA on average Social Security benefit amounts
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6. Social Security COLA Increase for 2023: What You Need to …
Link: https://www.nytimes.com/explain/2022/10/09/business/social-security-cola
Description: WebOct 9, 2022 · Social Security COLA Increase for 2023: What You Need to Know - The New York Times. Social Security’s Cost-of-Living Increase: Everything You Need to Know. Inflation dictates the annual benefit...
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7. Update: 2023 Cost-of-Living Adjustment - Social Security
Link: https://choosework.ssa.gov/blog/2022-11-28-update-2023-cost-of-living-adjustment.html
Description: WebNov 28, 2022 · Each year, Social Security bases the cost-of-living adjustment (COLA) on changes in the Consumer Price Index. For 2023, Social Security benefits and Supplemental Security (SSI) payments will increase by 8.7%. Learn about your new payment and benefits for the new year by using a my Social Security account.
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8. Effect of COLA on Average Social Security Benefits
Link: https://www.ssa.gov/OACT/COLA/colaeffect.html
Description: WebThe COLA for December 2023 is 3.2 percent and is first payable in January 2024. The table below provides estimated average benefits for certain beneficiary types, at the end of December 2023. Note: The above estimates are based on actual benefit data through September 2023.
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9. Social Security Changes - COLA Fact Sheet
Link: https://cms-prod.payroll.org/docs/default-source/irs-and-ssa-announcements/2023-SSA-Fact-Sheet.pdf
Description: Web2023 SOCIAL SECURITY CHANGES. Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023.
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10. Estimate for 2023 Social Security COLA Benefits Raise - AARP
Link: https://www.aarp.org/retirement/social-security/info-2022/cola-estimate-2023.html
Description: WebOct 17, 2022 · The COLA goes into effect in January 2023. Read more about the Social Security COLA for 2023. Next year could bring the biggest increase to Social Security benefits in four decades, with rising prices fueling forecasts of a nearly double-digit cost-of-living adjustment (COLA) for 2023.
