FILE - A man shops at a supermarket on Wednesday, July 27, 2022, in New York. On Thursday, Oct. 13, 2022, the U.S. government is set to announce what's virtually certain to be the largest increase in Social Security benefits in 40 years. The boost is meant to allow beneficiaries to keep up with inflation, and plenty of controversy surrounds the move. (AP Photo/Andres Kudacki, File)
Margaret Toman, 78, stands on the steps of her home in Garner, North Carolina, on Wednesday, Oct. 12, 2022. She purchased the house to take care of her mother, who recently died of Alzheimer's disease, and is now struggling to pay the bills. (AP Photo/Hannah Schoenbaum)
Barbara Steingaszner, 83, of Alexandria, Va., right, and Doris Askin, 84, of Mount Vernon, Va., left, play bridge at Hollin Hall Senior Center in Alexandria, Va., Thursday, Oct. 13, 2022. Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. (AP Photo/Susan Walsh)
WASHINGTON — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living.