Why Your First Social Security Check of 2023 Will Look Different

Why Your First Social Security Check of 2023 Will Look Different

When you get your first Social Security check in 2023, it will not look the same as the last payment you got this year. The biggest thing you'll notice when your Social Security benefit payment is deposited is that the amount of money you receive is higher. In most years, retirees see benefits increase due to the COLA, which is designed to make sure they don't lose buying power.