The Social Security cost-of-living adjustment for 2023 could be 10.5% according to the Senior Citizens League. While the most recent consumer price index data for June showed prices have risen by 9.1% over the past 12 months, Social Security recipients could be in line for some financial relief. This is in addition to the 5.9% cost-of-living adjust from Social Security in 2022.
At Brandywine Oak, we educate our clients on the legislative changes that impact their incomes to help ensure a successful financial plan. To learn more, please read https://www.thinkadvisor.com/2022/07/13/social-security-cola-estimate-set-at-10-5-for-2023-as-inflation-accelerates-in-june/.
#BOPW #SocialSecurity
At Brandywine Oak, we educate our clients on the legislative changes that impact their incomes to help ensure a successful financial plan. To learn more, please read https://www.thinkadvisor.com/2022/07/13/social-security-cola-estimate-set-at-10-5-for-2023-as-inflation-accelerates-in-june/.
#BOPW #SocialSecurity