2023 Social Security COLA

We now have the CPI- W for July, August and September 2022 and will compare the average of those with the 268.421 average from the same months in 2021.

The 2022 COLA is:

(291.90)– 268.421/ 268.421x 100 = (adjusted to the nearest 1/10 of 1 percent = 8.7)

The 2023 COLA for Social Security is

8.7 %


      1. My living standard is based on 75% of my retirement income. My COLA increase will be invested. It might even be 30% to investments next year. My cell phone bill will drop $40 per month in Jan 2023, when my ATT contract is up and I switch to Mint Mobile = $480 more for me. I am a bargain hunter, always looking for ways to save money. Steak is off the menu if it is over $10 per pound. Found Porterhouse on special for $9.15 per pound, stocked up. Breakfast cereal – only pay $4 per pound. Living on less than $40,000 in retirement is very easy in Montana.


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