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It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news. However, with the new year upon us, there are some silver linings — in particular for seniors.

Here are five reasons for seniors to celebrate in 2023:

  1. Social Security Benefits Are Seeing the Biggest Increase in 40 Years.

Social Security beneficiaries will find that their monthly checks are increasing by nearly 9 percent, come January 2023. This cost-of-living adjustment (COLA) is the largest boost to Social Security benefits in more than four decades.

For more than sixty-five million individuals currently receiving these benefits, payments will rise by about $140 on average