Retirement: Social Security Beneficiaries Will Get a Raise in 2023 to Keep Up with Inflation

Retirement Planning: Social Security Benefits will Increase in 2023. Watch the video to know by how much. Most likely have noticed the price of basic goods and services such as food, energy, and housing has been consistently rising in 2022. COLA, short for Cost-of-Living Adjustment, social security beneficiaries will be receiving a generous increase in their benefits next year in 2023. Click here for more!

COLA is short for Cost of Living Adjustment. Social Security beneficiaries will get an increase of 8.7% to their benefits next year, for 2023. Folks, that's the highest increase in 40 years, and that's on top of the 2022 increase of 5.9%

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