Social Security beneficiaries will soon see a big increase in their 2023 payments thanks to a record-high cost of living adjustment (COLA) — one that increases amounts paid out by 8.7%, starting with ...

Imagine getting a $92 monthly raise at the beginning of the year and then seeing your average monthly expenses rise by more than $130 for the rest of the year. That’s what most Social Security ...

Social Security's cost-of-living adjustment in 2022 failed to offset the impact of inflation, causing benefits to lose purchasing power. The COLA in 2023 may overestimate inflation's effect, restoring ...

In last week’s column, we looked at benefits changes in 2023 affecting current employees. This week, let’s examine the changes that apply to those who are already retired. Civil Service Retirement ...

Social Security recipients finally have something to cheer: The forecast for next year’s Social Security increase edged up on Wednesday even after the government said inflation cooled further in June.

Yet, at the same time, a new study indicated there’s a lot of “catching up to do” for the many seniors and retirees receiving these supplementary income benefits. The study data suggested the 2022 ...