Money Social Security recipients could receive 8.7% COLA bump in 2023 as inflation soars September 13, 2022September 14, 2022Paul Davidson, USA TODAYComments Off on Social Security recipients could receive 8.7% COLA bump in 2023 as inflation soars Social Security payments could rise by 8.7% in 2023 for about 70 million retirees, disabled people and others. That would be the most since 1982.