And the COLA is computed using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a subset of the CPI that tracks the expenses of a narrower slice of American households ...

This is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which was up 3.6% year over year in May 2023. The Social Security cost of living adjustment (COLA ...