Social Security beneficiaries could see their 2023 cost-of-living adjustment hit double digits for the first time in more than four decades as inflation in the United States continues to spiral ever higher despite government efforts to rein it in. Based on Wednesday’s Consumer Price Index report from the U.S. Bureau of Labor

Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new consumer price index data for June released Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates the cost-of-living adjustment will