[DanZ]

However, as interest rates on U.S. Treasury securities rise, so too will the federal government’s borrowing costs.

SSI will see an 8-8.5 % increase tis year. This will be official sometime in mid/late November.

So add some more $ to the deficit

[kabar]

The COLA also applies to federal pensions. Fauci retiring before Jan 1 means $25 to $30k pension increase for him. You will see a wave of USG retirements this year as a result.

I have seen estimates as high as 10%. Right now, predictions for the 2023 COLA increase range from 9.8 percent to 11.4 percent, based on the CPI-W current level (9.8 percent).

[Jeff Chandler]

Social Security cost-of-living adjustment (COLA) could be 8.7% for 2023.

They shouldn’t have spent the money they collected for it.