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The Social Security Administration announced Thursday that monthly payments will increase by 8.7 percent in 2023. The cost-of-living adjustment is the largest in more than 40 years.

Economy Oct 14

What you need to know about the new Social Security benefit increase

By Hannah Grabenstein

Nation Oct 13

FILE PHOTO: U.S. Social Security card designs over the past several decades
Watch 5:36
Will the bump in Social Security benefits be enough to offset inflation?

For older Americans and retirees, there was some helpful news to accompany the latest inflation report. Americans taking Social Security will see an 8.7% bump in their benefits. That's starting in January thanks to the 2023 cost of living adjustment,…

By Paul Solman, Ryan Connelly Holmes, Karina Cuevas

Making Sen$e Oct 02

Social Security benefits could be adjusted up to 3 percent in 2019, but that increase might not be enough to keep up with rising health care costs. Photo by Albert Lozano-Nieto/Adobe Stock
Why Social Security’s annual increase doesn’t actually keep up with cost of living

The government adjusts Social Security benefits each year based on inflation rates, but that increase has not kept up with the rising cost of medical care and other expenses.

By Paul Solman

Economy Feb 15

How does Social Security’s cost of living adjustment affect Medicare?

As predicted, people are confused about how Social Security’s meager 2017 cost of living adjustment, or COLA, is affecting their Part B premiums for Medicare.

By Philip Moeller

Economy Oct 18

Social Security recipients will see a 2.8 percent increase in their monthly benefit checks starting in 2019. Photo by Donald Higgs/Getty Images
Average senior’s Social Security check to increase a measly $4 in 2017

Social Security’s annual cost of living adjustment, or COLA, will be only 0.3 percent in 2017.

By Philip Moeller

Sep 14

Last year’s COLA headache is likely to return this fall

By Philip Moeller

The wheels started falling off this wagon last year, because there was no consumer price inflation and thus a zero COLA for 2016. Medicare expenses and premiums continued to rise, however.

Continue reading

Oct 15

No benefit hike for Social Security next year

By Stephen Ohlemacher, Associated Press

WASHINGTON — There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government said Thursday.

Continue reading

Oct 11

Social Security recipients can expect no benefit increase next year

By Stephen Ohlemacher, Associated Press

For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population.

Continue reading

Oct 19

Small Social Security increases expected in 2015

By Stephen Ohlemacher, Associated Press

For the third straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Continue reading

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