Social Security - Medicare

[bobabode]

https://www.msn.com/en-us/money/reti...51b4982d22d02a

"Social Security beneficiaries are set to see a sizable increase in their 2023 benefit checks thanks to a cost-of-living adjustment (COLA) designed to offset soaring inflation.

An analysis released this week by nonprofit The Senior Citizens League forecasts a 9.6% raise, which means the average retiree who receives $1,656 a month would get an extra $159 in each payment.

COLA helps people on fixed Social Security benefits afford to pay for groceries, clothing, and other staples when inflation suddenly drives up prices.

There are two months left to go before the COLA increase becomes clear. If inflation should run hot the adjustment could jump to 10.1% - if it cools that number could be 9.3%, the group found."

Danke Uncle Sam.