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Will Medicare recipients get a raise in 2023?

The average retiree benefit is going up by $146 per month, to $1,827; while the average disability benefit is increasing by $119 per month, to $1,483. Recipients will also benefit from a 3% decrease in how much they'll owe each month on standard Medicare Part B premiums.

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The first Social Security checks and bank deposits featuring the largest cost-of-living-adjustment in 40 years will start arriving in January 2023. The average retiree benefit is going up by $146 per month, to $1,827; while the average disability benefit is increasing by $119 per month, to $1,483. Recipients will also benefit from a 3% decrease in how much they'll owe each month on standard Medicare Part B premiums. Those are declining to $164.90 a month. Medicare Part B covers outpatient medical care, like regular visits to the doctor. The 8.7% COLA increase is in response to the decades-high inflation that began to plague the U.S. economy in 2022. Social Security recipients will have benefited from timing, as well. The COLA measurement was officially taken in July, August and September, when 12-month inflation hit 9%, 8.6% and 8.5%, respectively. On Tuesday, the Bureau of Labor Statistics reported inflation for wage-earners fell to its lowest level in more than a year, landing at 7.1%.

How the COLA-adjusted payments will roll out

If recipients' birthdays fall between the 1st and the 10th of a given month, the payment will be received the second Wednesday of the month. So, anyone with a birthdate in this initial range can expect the first payment to land Jan. 11, according to the Social Security Administration. For recipients with birthdays between the 11th and the 20th of a given month, the payment will come on the third Wednesday of the month. This group can expect the first payment of the new year Jan. 18. The remaining group will get the payment the fourth Wednesday of the month, meaning the first 2023 payment will come Jan. 25. Supplemental Security Income (SSI) recipients will continue to receive their payments on the 1st. Except for SSI payments, Social Security benefits remain taxable and tax brackets are also changing as a result of inflation. A Social Security recipient filing as an individual with total earnings — including anything received outside Social Security — between $25,000 and $34,000 may have to pay income tax on up to 50% of their Social Security benefits. If their income was greater than $34,000, they may have to pay taxes on 85% of their income. For joint tax filers, the 50% threshold starts between $32,000 and $44,000, and the 85% threshold begins at $44,000.

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Why widows don t remarry?

Many widows who choose to remain single have had long and happy marriages and enjoy male companionship. They recognize that their ability to choose the single life rests on two essential points: financial independence and the ability and willingness to live life as an individual, rather than as one of a pair.

According to a 1985 survey by the Bureau of Census, about 9.5 percent of women who were 45 or over when they were widowed had remarried. By contrast, 54 percent of women who were under 45 when widowed had remarried. The survey, done periodically, did not indicate how many widows remained single by choice. Many widows who choose to remain single have had long and happy marriages and enjoy male companionship. They recognize that their ability to choose the single life rests on two essential points: financial independence and the ability and willingness to live life as an individual, rather than as one of a pair. These women note that living independently may be easier in a large city, with its many resources and greater acceptance of the single life style, than it might be in a smaller community. It is also easier when the children have grown. "There are trends in society now that reinforce the choice of not remarrying," said Dr. Gordon Clanton, who teaches sociology at San Diego State University. They include: the women's movement, status achieved through work, financial independence and a recognition that, as he put it, "marriage is not always a fair deal for women and it is possible to be a full person without being married." Dr. Clanton, who has studied social change as it relates to the family, observed, too, that "courtship in midlife is stacked against women" and that the odds could influence some women to pass up the remarriage market. (A 1990 population survey by the Census Bureau reported about five times as many widows as widowers in the United States: 11.5 million widows and 2.3 million widowers.)

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