“I depend on my Social Security to care for these kids.”Social Security’s cost of living adjustment, otherwise known as the COLA, for 2023 is expected to be around 9% or even higher, the highest in 40 years, analysts estimate.Global shares fall on tech sector losses, recession fearsBank of England expands efforts to stabilize bond marketAsian shares fall as technology shares pull benchmarks lowerMcGarvey, Ray debate in Congress race for open 3rd DistrictShe said the financial boost “is going to help us, and it’s going to be a benefit because the cost of everything has gone up.”High inflation remains a burden on the broader economy, which has caused the Federal Reserve to raise interest rates in hopes of cooling high prices.That number has increased exponentially since the government has adopted a “kinship care” approach to child welfare, which centers on keeping kids in homes with their next of kin, as opposed to foster care.The Child Tax Credit program, which was expanded during the pandemic, helped tens of millions of kids and their families, contributing to a 46% decline in child poverty since 2020, according to a September Census report.William Arnone, chief executive of the National Academy of Social Insurance, an advocacy organization for Social Security, said while the expected COLA is “generous, it is just a catch-up” for many older Americans who are often more impacted by price hikes caused by inflation, especially grandparents taking care of grandkids."