Social Security recipients will get the largest cost-of-living-adjustment in 40 years in 2023
3 minute readPublished: Thursday, October 13, 2022 at 1:02 pm
Some good news for seniors and others who receive Social Security payments: Next year's cost-of-living-adjustment will be 8.7%, the largest boost in 40 years thanks to sky-high inflation. The Social Security Administration announced the increase Thursday after September's inflation numbers were released.