When the COLA 2023 increase will be announced?

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SSA announced COLA 2023 increase today. it is 8.7%

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When the COLA 2023 increase will take effect?

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COLA 2023 increase will take effect from January 2023 Social Security Payments.

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COLA 2023 increase will impact every Social Security Beneficiary?

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Yes, COLA 2023 increase will reflect in the Social Security Payments of all beneficiaries of various programs governed by SSA.

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How COLA is calculated?

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COLA is calculated by comparing CPI-W data of Q3 for current Year and Previous Year

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