Cost-of-Living Adjustment (COLA) Announced for 2024
Recently, the SSA announced that the cost-of-living adjustment (COLA) for 2024 will be 3.2%. This follows a 5.9% COLA in 2022 and a record-high increase of 8.7% for 2023. Social Security beneficiaries will see a 3.2% boost to their monthly payments this coming year. This adjustment is to combat inflation, which continues to ramp up …
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