Browsing Tag
Cost-of-Living-Adjustment (COLA)
81 posts
Social Security Updates Website: What’s New
Reimagined website launched this week prioritizes customer experience, adds benefit eligibility screener
What They’re Saying: Reaction to Today’s 8.7% Social Security COLA Announcement
The raise is historic, but reaction focuses largely on how the cost-of-living adjustment is calculated
Historic 8.7% Social Security COLA Finalized for 2023
Rising inflation causes highest raise in monthly benefits since 1981; will bump average monthly benefit check by more than $140
Medicare Part B Premiums Will Decrease in 2023: CMS
Rare occurrence is good news for Social Security beneficiaries; President Biden to speak on Medicare and Social Security today
Final 2023 Social Security COLA Estimate Before the Real Thing: 8.7%
The Senior Citizens League’s final projection is down nearly 1% from its previous estimate as new CPI data shows inflation continues to slow. The official 2023 cost-of-living adjustment will be released Oct. 13
New Bill Seeks to Abolish Tax on Social Security Benefits
House legislation proposed by Rep. Angie Craig (D-MN) would pay for the change by raising cap on payroll taxes
Latest 2023 Social Security COLA Estimate Drops
Today’s July Consumer Price Index report leads The Senior Citizens League to lower its latest cost of living adjustment estimate back into single digits, but it would still be biggest increase since 1981
Biden: Today’s Dismal Inflation Report ‘Out of Date’
President also reiterates opposition to any Republican efforts to raise taxes on “working people, or putting Social Security and Medicare on the chopping block every five years”
High June Inflation Leads to Double-Digit Social Security COLA Prediction
If estimate holds true, next year’s cost-of-living adjustment on track to be second largest in history
You Won’t Believe the Size of This 2023 Social Security COLA Estimate
With high inflation, the Committee for a Responsible Federal Budget forecasts a range for next year’s Social Security cost of living adjustment that tops out in double digits