Tag: Cost-of-Living Adjustment in 2023
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Social Security Recipients Set to Benefit from Robust 8.7% Cost-of-Living Adjustment in 2023, Bringing Average Monthly Payout to $1,827
For those born before the 11th and 20th of each month, the eagerly awaited monthly payment will hit bank accounts on December 14. Social Security beneficiaries are currently enjoying an average monthly payout of $1,827, thanks to the 8.7% Cost-of-Living Adjustment (COLA) for the year 2023, with a maximum payout capped at $4,555 Meanwhile, beneficiaries…