Social Security Benefits Could Increase More Than $150 a Month in 2023

Next year's cost-of-living increase for Social Security benefits could be more than 9%, analysts predict

The 2023 typical cost for most everyday items change, or COLA, for Social Security benefits, will be announced sometime next month

The current year's increment was at that point a significant 5.9% -  equivalent to about $93 every month

The US Bureau of Labor Statistics announced that the Consumer Price Index

The CPI change was marginally lower in July (8.5%) yet it actually stamped nearly 12 months and-a-half of successive expansion

As indicated by the Senior Citizens League, if inflation remains constant, the COLA could be around 9.6%, or generally $160 more a month for every check