Social Security COLA Set at 8.7 Percent for 2023 - AARP
https://www.aarp.org/retirement/social-security/info-2022/cola-set-for-2023.html
WebMay 5, 2023 · The Social Security Administration (SSA) announced an 8.7 percent cost-of-living adjustment (COLA) for 2023, the largest inflation-fueled increase in benefits in more than 40 years. Starting in January, the average monthly Social Security retirement benefit will rise by about $146, from approximately $1,681 to $1,827, according to the SSA.
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