Social Security Checks Projected To Go Up Up 8.7% In January

by Richard Kuehn on 09/18/22

According to an estimate by Mary Johnson, a policy analyst for the Senior Citizen League, an advocacy group, Social Security Payments could see the largest increase since 1982 in 2023.  That’s the good news.  The bad news is that inflation is still very high so the 8.7% increase may not mean much as far as purchasing power goes.  For the average retiree who currently gets a check for $1,656, the cost-of-living hike would bring them an additional $144.10 a month in 2023, making the average payment $1,800.   

https://www.pressreader.com/usa/the-commercial-appeal/20220915/281578064511689