COLA Social Security 2023 updates — Final October check up to $4,555 dropping in days

THE final October Social Security check is set to drop next Wednesday, October 25. Those with a birthdate before the 21st should’ve already received their October checks on the second and third Wednesdays of the month. Recipients will receive two more payments in 2023 before the new cost-of-living adjustment (COLA) goes into effect next year. The 2024 COLA was announced on October 12 as 3.2 percent, which is much less than this year’s historic hike of 8.7 percent. This lesser jump in COLA has led to an average monthly increase in Social Security retirement payments of $58. Beneficiaries will see the new COLA reflected in their January payments. This year’s average Socia

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Last updated : 19 October 2023 clock 08:52 PM

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COLA Social Security 2023 updates — Final October check up to $4,555 dropping in days – see full payment schedule ...Middle East

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