What Are 2023 Social Security Changes Beyond the COLA?

What Are 2023 Social Security Changes Beyond the COLA?

It’s no surprise that due to the increased level of inflation that this country is experiencing, the Social Security COLA, or cost-of-living adjustment, is staggering. Other 2023 Social Security changes beyond the COLA are on tap, too.

For 2023, those collecting Social Security will see a COLA increase of 8.7%. This means that if you are collecting $2,000 a month in 2022, next year you’ll see that number go up to $2,174 per month.

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