Social Security Increase 2023

Social Security Income benefits for 70 Million Americans will Increase 8.7% in 2023

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SSI beneficiaries will receive increased benefits beginning Dec. 30, 2022.

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This the Biggest increase since 1981

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In 2023, average benefits will increase by more than $140 per month, according to the Social Security Administration

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Over the past year, the Social Security Administration increased the cost-of-living adjustment to 5.9%.

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Also, the maximum amount of Social Security taxable earnings will be increased from $147,000 to $160,200.

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The cost of everything from food to rent continues to rise across the country

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In September, the consumer price index increased 0.4% after increasing 0.1% in August

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