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

Updated 534 days ago

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Social 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.


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