2025 Social Security Raise: What to Expect in the Coming Years
The Social Security Administration (SSA) has announced an 8.7% cost-of-living adjustment (COLA) for 2023. This will result in the average monthly Social Security benefit increasing from $1,681 to $1,827, starting in January 2023. This is the largest COLA since 1981. The COLA is designed to help Social Security beneficiaries keep up with the rising cost of living. The… Read More »