Once again, TSCL is the source that national reporters go to for information about Social Security and Medicare.
- In an article titled “Here’s What the Average Social Security Payment Will Be in Summer 2023,” the website com said, “With inflation falling throughout 2023, Social Security recipients should expect that their COLA will be significantly lower than in 2023, and perhaps even lower than what they received in 2022.
- “While it’s hard to know with certainty what inflation will do in the summer months of 2023, there are already projections of the COLA in 2024. According to Mary Johnson, the Social Security and Medicare policy analyst for the Senior Citizens League, the 2024 COLA should be in the neighborhood of 3.1%. However, the SSA won’t announce the official figure until October 2023.”