Social Security Update: Social Security Announces 8.7% Benefit Increase for 2023
Sourced from SSA’s Press Release on 10/13/22:
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social Security benefits will increase by more than $140 per month starting in January.