How much more money will be in your Social Security check next year? We will know soon.
Debbie Lord, Cox Media Group National Content DeskThe announcement of the increase in monthly Social Security benefits is expected in less than two weeks, a number that will allow seniors and those getting other Social Security checks to budget for the coming year.
That September number plus the CPI-W numbers for July and August are added together and averaged, then compared with the third quarter average of those three numbers from last year. The percentage difference is the amount this year’s COLA will be. The increase will be seen in checks beginning in January 2024.
Investigation: Social Security Overpays Billions of Dollars to Americans — Then Asks for the Money Back
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