Social Security benefits will increase by 8.7 percent in 2023, the biggest boost in 40 years, the Social Security Administration announced on Oct. 13.
The cost-of-living (COLA) adjustment will bolster retirees’ monthly payments by an average of more than $140 per month.
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
