The Social Security Administration just announced the 2023 cost-of-living adjustment, and it's the biggest in more than 40 years. In this video, Certified Financial Planner® Matt Frankel discusses how much the raise is, and what it means for Social Security recipients.
Social Security beneficiaries are officially getting the largest raise in over 40 years.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.