Tag Archive for: consumer price index

Social Security Administration Making Substantial COLA Increase In 2023, But Is It Enough For Retirees?

The COLA Social Security 8.7% adjustment for 2023 is the highest increase in decades. But some still worry that it may not be enough. While the increase is historic and needed, it is also inadequate for millions of older Americans who face skyrocketing housing and health care costs across the country. CLICK ON THE HEADLINE FOR MORE

IRS Tax Bracket 2023: How Will Inflation Affect Refunds?

While the government is expected to announce 2023 tax brackets in November, it has to be noted that the figures will be based on the monthly average of Consumer Price Index changes for the latest fiscal year, which is between October 2021 and September 2022. CLICK ON THE HEADLINE FOR MORE