If you want to figure out how much your Social Security checks will be after the COLA increase without having to wait until then, consider using the 3.2% forecast from The Senior Citizens League (TSCL).
Based on the current forecast from the TSCL, the average Social Security benefit for retirees will jump from $1,790 to $1,847.30.
While this increase isn’t as much as the 8.7% jump last year due to slowing inflation, it’s still more than the 2.6% average over the past 20 years, as TSCL points out.
In addition to estimating your Social Security benefits early based on TSCL predictions, you can sign up for a free “my Social Security” account through the Social Security Administration.
Read more at Yahoo Finance