2023 Veterans Pay Increase: VA Is Projecting a MASSIVE Cost Of Living Increase!
The Social Security Administration (SSA) will release the 2023 Veterans Pay Increase on October 13, 2022, with the implementation of the SSA’s 2023 Cost of Living Adjustment (COLA) increase. The COLA increase for 2023 could be as high as 10.5%. This would mean that Veterans who are receiving disability benefits from the VA would see a HUGE increase in their monthly payments!
1:16 2023 VA disability rates projected by the Department of Veterans Affairs
3:35 How is cost of living adjustment calculated?
6:15 Consumer Price Index vs cost of living
The 2023 COLA increase is based on the Bureau of Labor Statistics’ (BLS) report of inflation data from September of the previous year. So, for the 2023 VA rates, the BLS report from September of 2022 will be used.
This is great news for Veterans who rely on their VA disability benefits to make ends meet. If you are a Veteran who is receiving VA benefits, make sure to stay up-to-date on the latest information regarding the 2023 Veterans pay increase!
✳️Consumer Price Index Summary for June 2022
?Inflation Insanity: Social Security Cost-of-Living Increase Could Hit 10.5% in 2023
?2022 Veterans disability compensation rates
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? 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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