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hey everyone the 2023 cost of living adjustment continues to dominate the news about social security and i could partly understand why itll probably be the third or fourth largest increase in history but with all of this attention comes some misinformation that comes from either sloppy reporting not really understanding how these work or i dont know maybe the inability to do basic math ive seen estimates all over the place about how much this increase will be not only in terms of percentages but in dollars too so i wanted to take just a few minutes and clarify a few things but first you know as we get closer to the point where the data comes in and this is announced this is going to continue to happen but ill be right here keeping you informed so if you havent already be sure to subscribe and hit that notifications bell too so before we dive into the numbers i want to make sure that we are all on the same page here the cost of living increase will be a percentage increase to bene