COLA 2023: How the Cost of Living Adjustment Is Calculated for Social Security
HR Digest
APRIL 24, 2023
As we live through 2023, many social security beneficiaries are wondering how their benefits will be affected by the cost of living adjustment (COLA increase) in 2023. The COLA is a yearly adjustment made to Social Security benefits to help keep up with the rising cost of living. How Is the COLA Calculated?
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