![Social Security Benefits To Jump By 8.7% Next Year](https://townsquare.media/site/101/files/2014/07/social-security.jpg?w=980&q=75)
Social Security Benefits To Jump By 8.7% Next Year
WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023.
That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record high inflation that’s raised the cost of everyday living.
That means the average recipient will receive more than $140 a month extra beginning in January.
The cost-of living adjustment is meant to help cover the higher cost of food, fuel and other goods and services.
But a separate government report Thursday showed prices accelerating again.
Furniture Warehouse Sale in Casper
Mitch Sorensen, the owner of 307 Motors, announced on Friday that he has purchased the old Furniture Warehouse building, located at 1701 E. Yellowstone Highway, and the furniture has got to go!
Nonprofit agency Uprising shares information about human trafficking and exploitation
More From K2 Radio
![Global Inflation Pressures Could Become Harder to Manage, Research Suggests](http://townsquare.media/site/101/files/2023/08/attachment-GettyImages-1197381795.jpg?w=980&q=75)
![Online Poll: What Is the Biggest Problem Facing Wyoming Residents?](http://townsquare.media/site/99/files/2023/06/Wyoming-Sign-Mike-Rorabeck-Townsquare-Media.jpg?w=980&q=75)
![10+ Food Shortages & Price Spikes Hitting Wyoming Stores in 2023](http://townsquare.media/site/98/files/2023/02/attachment-inflation-groceries.jpg?w=980&q=75)
![Wyoming Governor Gordon and 24 Other Republican Governors Oppose Biden’s WOTUS Rule](http://townsquare.media/site/101/files/2023/01/attachment-gov-mark-gordon.jpg?w=980&q=75)
![Online Poll: How Worried Are You About December Heating Bills?](http://townsquare.media/site/99/files/2022/12/attachment-shock-1.jpg?w=980&q=75)
![Casper Council to Provide Cost of Living Increase for City Employees](http://townsquare.media/site/101/files/2022/12/attachment-20221213_164327-e1670981253911.jpg?w=980&q=75)
![Food Bank of Wyoming Receives $100,000 Match as Part of Holiday Fundraising Drive](http://townsquare.media/site/101/files/2022/12/attachment-ellbogen.jpg?w=980&q=75)
![Wyoming Sees 10.1% Statewide Inflation in Second Quarter](http://townsquare.media/site/101/files/2022/10/attachment-GettyImages-1436806771.jpg?w=980&q=75)
![Why Social Security checks are about to get a lot bigger](http://townsquare.media/site/101/files/2022/10/attachment-cdc-UrcuFgKfSS4-unsplash.jpg?w=980&q=75)