The increase tops the 5.9% cost-of-living adjustment seen in 2022.
Taxes – Payroll taxes, especially Social Security, are regressive … NOT !!!
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Inflation's dramatic return infographic
Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years / X
Social Security COLA will be 8.7% in 2023, highest increase in 40 years
Your 2022 Social Security Guide
Social Security benefits to increase 8.7% in 2023 - ABC News
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