Social Security Increase In 2023

Social Security experts are beginning to project how much they think the Cost of Living Adjustment (COLA) will increase in 2023. Normally this is a small amount, but these are not normal conditions due to high inflation.

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LINKS: https://www.ssa.gov/oact/cola/colaseries.html
https://finance.yahoo.com/news/social-security-increase-164839728.html
https://www.investmentnews.com/how-cola-affects-social-security-benefits-209981

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.