As the U.S. annualized inflation rate hit a 41-year record of 9.1%, Social Security recipients may see cost-of-living adjustments to their checks next year like never before.
Social Security recipients may see cost-of-living adjustments to their checks next year like never before—potentially a double-digit hike if inflation continues at its current pace, experts say.
The COLA for 2023 could be 10.5%, said Mary Johnson, a Social Security policy analyst at the Senior Citizens League who tracks CPI and COLA data. If inflation continues to jump higher, the COLA may be as much as 11.4%, and if it runs cooler than the recent average, it could be 9.8%, she said.Recipients are used to relatively minimal COLAs for Social Security. The average has hovered under 2% for many years, though it did spike to 5.9% in 2021.
Any increase would be welcome given the concerns around rising inflation, but Americans should continue to watch their finances when spending on everyday expenses, even with this hike. The cost of groceries have jumped 12% in the last year, according to the consumer-price index—the price of eggs has increased 32.2%, chicken 17.4% and milk 15.9%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Inflation could mean bigger Social Security checks in 2023The annual cost-of-living adjustment for Social Security could be a record 10.5% for 2023 due to high inflation, according to an estimate.
続きを読む »
Opinion | Marco Rubio's 'Pro-Life' Family Leave Death Tax Is an Open Assault on Social SecuritySen. Marco Rubio's family leave proposal 'is as unnecessary as it is cynical and cruel' and represents a direct attack on Social Security as we know it.
続きを読む »
Social Security checks could grow by about $175 a month, advocacy group saysSocial Security recipients could see their payments increase by about $175 a month next year.
続きを読む »
Story of Ohio 10-year-old rape victim who had abortion in Indiana explodes on social mediaThe story of a 10-year-old rape victim who traveled from Ohio to Indiana for an abortion has exploded on social media.
続きを読む »
Capitol bracing for social media showdownCalifornia is weighing a first-in-the-nation bill that would allow civil lawsuits against social media companies knowingly addicting kids.
続きを読む »
GLAAD: Social media platforms don't do enough to protect LGBTQ users | EngadgetGLAAD's latest social media report condemns Facebook, Twitter and TikTok over their alleged lack of LGBTQ protections..
続きを読む »