Graybeard
Full time employment: Posting here.
- Joined
- Aug 7, 2018
- Messages
- 597
Now a report from The Senior Citizens League predicts another bump is coming in 2023 that could raise benefits by 8.6%, the biggest increase since 1981.
Impacting roughly 70 million Americans, this year's increase raised the average benefit for a retired worker to $1,658 per month, according to the Social Security Administration.
If the prediction by TSCL, which advocates for older Americans, is accurate, beneficiaries could see another increase of about $143 a month in 2023, bringing their check to approximately $1,800.
https://www.cnet.com/personal-finance/social-security-could-get-its-biggest-boost-in-40-years-heres-how-much-you-might-get/
Seems kind of early to be predicting this but I thought it might be of interest.