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Social security recipients to get 8.7% boost in benefits – highest in 40 years


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Historic increase means average recipient will receive over $140 extra a month along with a 3% drop in Medicare Part B premiums

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.

Continue reading…Historic increase means average recipient will receive over $140 extra a month along with a 3% drop in Medicare Part B premiumsMillions 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. Continue reading…