Social Security payments to see largest increase in more than 40 years
Social Security benefits and Supplemental Security Income (SSI) payments will increase by 8.7% in 2023.
News 12 Staff
•
Dec 30, 2022, 6:17 PM
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Updated 499 days ago
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11h agoSocial Security payments will soon increase by the greatest amount in more than four decades.
Social Security benefits and Supplemental Security Income (SSI) payments will increase by 8.7% in 2023.
The inflated payments are estimated to affect 70 million people.
The bump will bring the monthly average payment up to $1,827.
