COLA Social Security Payment Plan 2022 – Americans Can Get Extra $ 336 a Month in 2023 – See If You Are Qualified
COLA Social Security Payment Plan 2022 – Americans Can Get Extra $ 336 a Month in 2023 – See If You Are Qualified

COLA Social Security Payment Plan 2022 – Americans Can Get Extra $ 336 a Month in 2023 – See If You Are Qualified

SOCIAL SECURITY SERVICES for Americans may increase by $ 336 per month by 2023.

Benefits from social security are calculated annually using a adjustment of cost of living (COLA).

The Consumer Price Index for Employees and Urban Offices (CPI-W) in the third quarter determines where the COLA ends.

COLA for services can be as high as 8 percent in 2023, per AARP.

That average monthly payment would increase by about $ 133 to $ 1,790 if COLA is 8 percent while maximum can rise from around $ 336 to over $ 4,530.

Every year, the SSA usually confirms COLA in October, and it takes effect in January.

Read our COLA 2022 increase live blog for the latest news and updates …


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