The financial experts who track VA disability rates have raised their projections for 2023 to 8.9%. Up until a month ago, disability rates in 2023 were projected to increase at a lower cost of living rate, but the financial experts I follow are predicting that number to rise.
To put this in perspective for you, in 2022 the cost of living for veterans benefits was only 5.9% which was the biggest COLA increase in history. This latest projection is 3 points higher than the 2022 cost of living adjustment.
Let’s take a look at the numbers on this simple spreadsheet so you can understand how these predictions will affect you and the annual VA disability rates for 2023. Here are the VA Disability Rates for 2022 that we are currently getting paid on the left column and the right column reflects the 8.9% increase which is the VA Disability Rates 2023.
2:08 Projected 2023 VA Pay Chart
3:54 2023 Veterans disability compensation rates (projected)
7:53 Cost of living increase for veterans on a fixed income
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Links I used in this video:
🎯 2023 Social Security COLA Estimate Rises to 8.9% as Inflation Climbs
🎯 2023 VA Disability Pay Rates for Dependents (Add 8.9%)
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🤠 I created a few playlists for you to check out below
🤠 Maximize Your Veterans Benefits: https://www.youtube.com/watch?v=sOdymv4wCJk&list=PLY54MIiG8UeLwagfWOPBfKw64ITZazhMh
💰 How To File A VA Claim: https://www.youtube.com/watch?v=QxIaNEQPAPA&list=PLY54MIiG8UeI63Fqi7ImojMCIfWgC0Hmj
✅ Easiest VA Disability Claims: https://www.youtube.com/watch?v=xvR5j0mhxh4&list=PLY54MIiG8UeJKfI3-fm1NkLwaXKn5Jwmm
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