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Social Security Benefit Statements and the 8.7% COLA Adjustment

cola hey marc! Feb 01, 2023

Have the benefits on the Social Security statement been adjusted for the 8.7% COLA?

Yes, the Social Security benefit statements have been adjusted to include the most recent 8.7% Cost of Living Adjustment (COLA). This means that the benefit amounts shown on the statements reflect the increase provided by the COLA, ensuring that beneficiaries see the updated figures in their future payments.

The content on this blog is for informational purposes only and is not legal, financial, or professional advice. Social Security rules change periodically, so some information may become outdated. For the most accurate advice, consult a certified National Social Security Advisor (NSSA®). Social Security Professionals, LLC, and NSSA® are not responsible for any errors, omissions, or actions taken based on this blog's content. Use of this blog does not create a client relationship, and all information is provided "as is" without guarantees. By using this blog, you agree to hold Social Security Professionals, LLC, and NSSA® harmless from any claims or liabilities arising from its content. For personalized guidance, contact an NSSA® professional.

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