Social Security COLA Will Be Lower in 2023

There are early projections already for what the Cost of Living Adjustment (COLA) will be for Social Security in 2023. Those projections are showing a much lower COLA compared to last year (2022).

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LINKS: https://www.ssa.gov/oact/cola/colaseries.html
https://www.ssa.gov/oact/cola/latestCOLA.html
https://finance.yahoo.com/news/social-securitys-cost-of-living-increase-will-be-far-smaller-next-year-estimates-show-214526456.html

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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.