Social Security Raise Explained: Understanding the 2025 Adjustment
The Social Security Administration (SSA) has announced a 5.9% cost-of-living adjustment (COLA) for 2023. This means that Social Security benefits will increase by an average of $140 per month for retired workers. The COLA is designed to help protect Social Security beneficiaries from the rising cost of living. The COLA is calculated based on the Consumer Price Index… Read More »