Social Security Increasing Jan 1st
Here’s what you need to know…
We’ve reported on this a number of times however, January 1st is right around the corner and Social Security benefits are expected to increase due to inflation caused by President Biden and the Democrats.
According to Fox, Americans who receive Social Security benefits will receive the largest increase in decades coming out to an astounding 8.7% in 2023.
This increase is known as a cost-of-living adjustment (COLA) and it is the largest adjustment since 1981 when recipients got an 11.2% increase in their benefits.
Americans on average will now receive an increase to their benefits of around $140!
Senior Citizens League’s Mary Johnson explained, “A Social Security cost-of-living-adjustment of 8.7% is rare — enjoy it now. This may be the first and possibly the last time that beneficiaries today receive a COLA this high.”
President Biden and the Democrats sent inflation through the roof. Americans worked for most of their lives to earn their Social Security benefits and deserve every cent of it.
