On October 13, the organization will announce its 2023 COLA.
On October 13, the government issued September inflation figures; the Social Security Administration bases its COLA on July-September inflation.
Based on inflation figures, the Senior Citizens League expects seniors will receive a COLA of 8.7%.
This would increase the average monthly payout from $1,658 to $1,802 by $144.10 per month.
Inflation has exceeded the 2022 cost-of-living increase every month this year, hitting 9.1% in June.
Social Security will announce the change this week, but seniors won't see greater payouts until January.
Medicare, the senior health care program, said this month that Part B costs would drop by 3% in 2019.
85% to 90% of Americans with government health insurance pay the normal premium, which is deducted from Social Security.
Beginning in 2023, Medicare seniors won't have to pay more than $35 per month for prescriptions.