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13 Οκτ 2022 · Social Security Benefits Increase in 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.
17 Οκτ 2022 · The inflation gauge used by the Social Security Administration (SSA) to set the annual COLA came in at 9.1 percent for July — the first of three months the agency uses to determine the final figure, slated to be announced in October. Any increase in benefits would take effect in January 2023.
9 Οκτ 2022 · The large COLA, an 8.7 percent increase that begins in January, will push some retirees over income thresholds that require them to pay income taxes on part of their Social Security benefit.
Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5 percent in 2025. The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025.
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.
13 Οκτ 2022 · The Social Security Administration announced the change Thursday. It will result in a benefit increase of more than $140 per month on average starting in January. The average Social Security...
The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025.