In fact, The Senior Citizens League (TSCL) estimates that the average Social Security benefit fell short by $417 year-to-date through August. October is a critical month for Social Security beneficiariesSocial Security beneficiaries are less than two weeks away from the big announcement. Specifically, the average CPI-W from the third quarter (July through September) of the current year is compared to the average CPI-W from the third quarter of the previous years. How much Social Security benefits could increase in 2023Many types of benefits are paid out through the Social Security program, but retirement benefits for former workers and their spouses, survivors benefits, and disability benefits are some of the largest categories. Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after.

Source: Forbes October 07, 2022 18:59 UTC