As Of August 2022, The Trend Toward A 2023 Cola Is:

However, a bigger social security cola in 2023 also indicates an increase in the taxes that need to be paid on social security benefits. Benefits are projected to climb 8.7% in 2023, the biggest increase in more than 40 years. The most recent inflation percentages indicate that the 2023 cola will, most likely, be on the higher end of that range.

For Example, A 10.5 Percent Increase.

With this in mind, experts are speculating that the 2023 cola could be as high as 10%. The maximum amount of earnings. We provided our first 2023 cola projection update last july.

On Wednesday, The Nonpartisan Senior Citizens League Updated Its 2023 Cola Estimate To 8.6%, Somewhat Lower Than Last Month’s 8.9% Estimate.

The rates include the estimated 8.9% cola increase for 2023. The cola for 2023 will certainly be larger than the 5.9% in 2022. This is higher than the 8.6% it predicted in may 2022.

As Of February 2022, The Trend Toward A 2023 Cola Is:

2023 va pay chart (no. The projected 2023 pay chart for va disability is shown below for reference.