The adjustment reflects the largest increase to Social Securitysince 1981, when the COLA was 11.2%.
On Thursday, the US Department of Labor Statistics announced the CPI for September dipped again to 8.2%.
Social Security Cost-of-Living Adjustment for 2023 Is 8.7%, the Largest Increase in Four Decades
The 5.9% COLA for 2022 failed to keep pace with inflation, according to analysts.
