Why the Projected 2023 COLA Increase Might Not Be Sufficient Enough
The 2023 COLA increase is projected to be higher than 2022, but it could wind up hurting seniors more than helping them.
The 2023 COLA increase is projected to be higher than 2022, but it could wind up hurting seniors more than helping them.
As if inflation already didn't have a huge impact on retirees, it could be even more detrimental to Social Security in 2023.
A survey shows nearly half of seniors expect to still have to work during their retirement years.
Yahoo finance has put out a prediction of what we might expect in terms of changes to Social Security in 2023.
A new survey shows that many retirees are banking on Social Security as their primary source of retirement income.
While the 2022 COLA increase was significant, analysts are predicting that inflation could make for an even higher COLA in 2023.
How is the annual Social Security cost of living adjustment (COLA) determined? There are guidelines in place to calculate it.
Because of the impact of inflation, there's a possibility that the 2023 COLA could be even higher than the 2022 increase.
You'll want to be prepared for changes that are coming to Social Security now that we've entered 2022.
There might be a COLA hike coming in 2022, but there is actually some really bad news for Social Security retirees as well.