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.
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 …