Social Security's 2023 COLA Will Be Smaller Than Expected. That's a Good Thing.

Social Security's 2023 COLA Will Be Smaller Than Expected. That's a Good Thing.

Next month, the Social Security Administration will announce the cost-of-living adjustment (COLA) for 2023. How much will retirees receive from Social Security in 2023? Last month, researchers at The Senior Citizens League predicted that the COLA for 2023 could be as high as 10.1%.