The Social Security payments are usually adjusted annually based on inflation to ensure that rising prices don’t erode the purchasing power of retirement benefits. This cost-of-living adjustment, also known as COLA, keeps up with inflation through a government measure of consumer prices for a range of household services and goods.
About 70 million Social Security and Supplemental Security Income recipients are impacted by the COLA. In fact, this year will bring some significant changes to Social Security, many of them related to the biggest COLA in more than 40 years. The new cost-of-living adjustment will impact payments to those getting Social Security, but it won’t be the only change in 2023.
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WELL I AM 88 HAVE BONE CANCER WIFE HAS BAD HELTH ALL SO 80 YERS OLD WE DONT GET A LOT OF SS CANT GET DISAB. DONT GET A LOT OF MONEY FROM SS TO PAY FOR EVER THINGS DOCTOR COL PAYMENTS WE COULD USE A FUE MORE EACH MO. BUT CANT GET IT WE NEED MORE HELP BUT
What is going on with bill H.R. 82 – 117th act of 2021 ?????