Aubry Simonette

Social Security Administration Increase 2023. Social security and supplemental security income benefits for approximately 70 million americans will increase 8.7% in 2023 as americans deal with the highest inflation rates. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.

Washington (ap) — millions of social security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living. 70.6 million people received benefits from programs administered by the social security administration (ssa) in 2022.