Social Security cost-of-living adjustment (COLA) is introduced each year by the SSA to ensure that benefits payments increase roughly in line with inflation. Over the past year the United States has recorded sustained levels of high inflation, at an annualised rate of 8.3%. The Bureau of Labor Statistics will release inflation data for September on 13 October. Peter Morley, Social Security and patient activist, has claimed that the increase for 2023 could exceed 9%. This would be the highest annua increase introduced since 1981. The SSA will likely announce the 2023 COLA figure on Thursday 13 October, but the increase will not take affect for another three months. New York is one of several states offering direct payments to residents due to inflation. . . .
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