Money Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981 October 13, 2022October 18, 2022Elisabeth Buchwald, USA TODAYComments Off on Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981 Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure