BusinessOctober 17, 2022
Social Security by the numbers
Inflation is responsible for Thursday's announcement by Social Security Administration to boost benefit checks by 8.7% in 2023, the largest hike since 1981. n On average, benefits will go up by more than $140 per month starting in January. n The 2023 increase tops the 5.9% 2022 cost-of-living adjustment...
Inflation is responsible for Thursday's announcement by Social Security Administration to boost benefit checks by 8.7% in 2023, the largest hike since 1981.
Receive Daily Headlines FREESign up today!
- On average, benefits will go up by more than $140 per month starting in January.
- The 2023 increase tops the 5.9% 2022 cost-of-living adjustment.
- Social Security officials say 70 million Americans will benefit from next year's boost in payments.
Do you want more business news? Check out B Magazine, and the B Magazine email newsletter. Go to www.semissourian.com/newsletters to find out more.
Story Tags
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Advertisement
Receive Daily Headlines FREESign up today!
