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Social security COLA: Seniors will soon get a big increase in cost of living benefits

December 30, 2022December 25, 2022 by admin

CNN — Senior citizens and other Social Security recipients will start getting a heavier monthly benefit next month due to an 8.7% annual cost-of-living adjustment aimed at helping them cope with high inflation. The increase, the largest in more than 40 years, will boost retirees’ monthly payments by more than $140 to an estimated average … Read more

Categories Uncategorized Tags Business, business and industry sectors, demographic groups, domestic alerts, domestic-business, domestic-health and science, domestic-us politics, economic conditions, economic indicators, economy and economic indicators, economy and trade, employment and income status, government health insurance, health and medical, health care, health insurance, iab-business and finance, iab-economy, iab-financial assistance, iab-government support and welfare, iab-health insurance, iab-healthcare industry, iab-industries, iab-insurance, iab-medical health, iab-personal finance, inflation, insurance, international alerts, international-business, international-health and science, international-us politics, labor and employment, medicaid, medicate, population and demographics, retirement and retirees, senior citizens, social and economic status, social assistance and welfare, social security, society, workers and professionals Leave a comment

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