The 2023 Social Security COLA is coming soon, and seniors are ready for the extra dough!

Speaking of dough, it calls to mind one of the most common expenses that we all have. Food is a fundamental needs for every person. Especially for retirees, nutritional choices are very important.

Retirement is also a time to try out new recipes and splurge a little. This begs the question — will the 2023 cost-of-living adjustment increase be enough to help seniors with the rising price of groceries?

How Does the 2023 Social Security COLA Compare to Rising Food Costs?

With the average monthly Social Security benefit set to rise by about $140 in the coming year, seniors are already working this boost into their budgets.

According to Stack Your Dollars, the average monthly grocery bill can land anywhere between $200-$400 for two people. This number can differ depending on the size of a household, as well as the appetites and dietary preferences of the individuals.

Clearly the additional money will help, but let’s not forget that food prices are rising fast compared to last year. Since seniors may need to be selective in order to avoid bad foods and to get all the nutrients they require, their shopping list could be a little more demanding than that of the average person.

What about enjoying all those retirement treats? Given that National Food Day was recently, we here at NORA published a mega-compilation of some of the top recipes we’d gathered for our readers. The benefit boost could also potentially help with ingredients for these fun and healthy dishes.

Food Costs Eating Up Your Money? Help Us Boost Benefits for All Seniors!

If you can’t stomach the rising cost of groceries every year, let’s make sure benefits rise each year to match them. NORA fights for seniors to get yearly COLAs pegged to inflation, and this cause is more important now than ever.

Want to make record high COLAs a yearly tradition? Learn about our efforts here. You can also follow us on Facebook and Twitter to show your support.