Big Change Coming To Social Security
Here’s what’s happening to your social security.
Senior Citizens are about to receive the largest cost-of-living increase in more than 40 years to their social security incomes due to high inflation brought on by Joe Biden’s presidency.
According to Fox, the Senior Citizens League explained to Americans that their social security incomes could be raised as high as 8.6% in 2023 based on their calculations after they saw just how much inflation rose in the month of April alone.
It’s important to remember that this 8.6% increase isn’t guaranteed because the government still has to determine if inflation has peaked or if it will continue to rise.
Nevertheless, it cannot be denied that inflation has weakened the dollar and the government will have to determine how much more money they will have to give to social security recipients in 2023. Whether that number is 8.6% or higher we will know later on.
