An 11% Social Security Increase Is Practically Impossible. But That's OK.
We're probably less than two weeks away from knowing how much higher Social Security checks will be in 2023. The Social Security Administration (SSA) plans to make the announcement in mid-October.
There have been lots of predictions made in recent months about what the next cost-of-living adjustment (COLA) will be. The most optimistic of these estimates will almost certainly be proven wrong. It's obvious now that an 11% Social Security increase is practically impossible. But that's OK.
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Source Fool.com
