Due to Inflation Social Security cost-of-living adjustment (COLA) is changes every year. In next year 2023 COLA is going to take highest jump of 8.7%. Here is 5 biggest changes for social security COLA in 2023

Social Security benefits will rise by more than $140 per month in 2023.

Supplemental Security Income, or SSI payment will increase to $914 per month in 2023

More than 65 million people will get benefit checks increase in January 2023

income-related adjustment amounts will start at $97,000 for singles and $194,000 for married couples in 2023

monthly premium for Medicare Part B will be $164.90 in 2023

monthly premium for Medicare Part B will be $164.90 in 2023