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Published: Jan 03, 2023 4 min read
Photo illustration of a SS check and some big dollar bills
Money; Shutterstock

After inflation pushed prices higher and higher in 2022, there was a silver lining for more than 70 million Social Security recipients: Their monthly benefits checks would get the biggest increase in four decades in 2023.

The first batch of the larger Social Security payments is being sent this week. Here’s everything you need to know.

What is the 2023 COLA increase for Social Security benefits?