HUD: 2023 COLA Announcement Cost of Living Adjustment for 2023 - 8.7% Thursday, October 13, 2022 - Today the Social Security Administration announced that the Cost of Living Adjustment (COLA) for 2023, which apply to Social Security (SS), Supplemental Security Income (SSI) and Dual Entitlement (DE) benefits, are going to increase by 8.7%. All recipients will see the increase impact their benefits deposits beginning January 2023. As this is the largest increase in almost 40 years, a new situation will present itself. In households where two...

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