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Social security COLA in 2023 will be 8.7% - highest in 40 years

"The 8.7% bump to benefits tops the 5.9% increase beneficiaries saw in 2022, which at the time was the highest in four decades...last time a higher cost-of-living adjustment was announced was in 1981, when the increase was 11.2%."
CNBC
2022-10-13 08:49:22