Social Security: Why Seniors Should Hope for a Smaller Raise In 2023

Social Security: Why Seniors Should Hope for a Smaller Raise In 2023

In a little more than a week, the Social Security Administration should be making a major announcement about changes to the program in 2023. Earlier this year, some experts were calling for a COLA as high as 11%, given how inflation was soaring. At this point, an 11% COLA is looking very unlikely.