Retirees Are on Track for a Huge Social Security Raise -- Why That's Concerning News

Retirees Are on Track for a Huge Social Security Raise -- Why That's Concerning News
·3 min read

In 2023, retirees are most likely going to get a much bigger Social Security check than they are entitled to receive in 2022. Although this sounds like a great thing, the sad reality is that it's really bad news that seniors will be getting so much extra money. Seniors on Social Security receive periodic cost of living adjustments (COLAs) when a consumer price index called the CPI-W shows that the price of goods and services is increasing.