Social Security benefits to jump by 8.7% in 2023

Name: Social Security benefits to jump by 8.7% in 2023
Uploaded: 2022-10-13T15:19:30Z
Duration: 27 s
Description: Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record-high inflation that’s raised the cost of everyday living.

Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record-high inflation that’s raised the cost of everyday living.

Posted October 13, 2022 8:19am PDT