Social Security COLA 2023, live online today: increase, benefits and adjustment

The Social Security Administration announced the 2023 COLA on 13 October and the boost was a doozy. Only three COLAs have been larger than in 2023. The higher-than-expected COLA costs could have long term implications for Social Security solvency, and could potentially move the insolvency date, currently around 2034, forward. Social Security checks are going up. Medicare premiums are going down. That’s a big deal for seniors. The COLA offered for next year is historic in size after inflation has plagued markets for basic commodities consumed by most households. The best way for people with access to the internet to get help is online at ssa.gov. For those unable to use the website, an 800 Number is available (1-800-772-1213) . . .