Social Security recipients set for big COLA hike Thursday  ...Middle East

Story at a glance Social Security beneficiaries may see their incomes increase in 2023 thanks to a large COLA hike. The move is intended to help increase purchasing power among recipients who may struggle to keep up with rising costs driven by inflation.   However, the higher incomes could push some over taxable income thresholds.  Social Security beneficiaries may see an income boost in 2023 thanks to a large cost-of-living adjustment (COLA) set to be announced tomorrow morning.  The Social Security Administration (SSA) will release the COLA figure—anticipated to be around 8.7 percent — following the Bureau of Labor Statistics’ (BLS) publication of the Sept

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