With record-high inflation, 2023’s COLA could increase Social Security benefits for all retirees—but there could be a catch.
Tag: cola
What Does High Inflation Mean for Social Security?
How can 2022’s high inflation impact your Social Security benefits? While next year’s COLA could be record-breaking, some groups want change.
The History of Social Security Part 6: Cost-of-Living Adjustments
This week, we’re diving into the history of cost-of-living adjustments and how they were first established for Social Security beneficiaries.
Will Inflation Wipe Out 2022’s COLA?
The 2022 COLA is a needed boost to Social Security benefits, but it could be wiped out by inflation sooner than expected.