Some 70 million retirees receiving Social Security checks have just found out their benefits will be 3.2 higher next year. The 2023 adjustment was 8.7 percent.
Seniors' cost of living adjustment for 2024 is going to be much lower than the one that millions of recipients got this year, the Social Security Administration announced on Thursday.In a post on X, formerly Twitter, published Thursday morning, the press office of the SSA declared next year's COLA to be 3.2 percent, a number that has been widely predicted by analysts and experts following the issue closely.'#BreakingNews - The 2024 COLA is 3.2%. More to come shortly...
More than 71 million Americans—including many with disabilities or on low incomes—receive Social Security benefits every year, with the SSA paying an annual total of about $1.4 trillion.'The 3.2 percent Social Security cost of living adjustment for 2024 announced today by The Social Security Administration is well above the 2.
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COLA Social Security Benefits Expected to Rise 3.2% in 2024The government on Thursday announces how much checks rise next year for the roughly 67 million Social Security recipients.
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Social Security’s COLA will rise 3.2% in 2024 vs. 8.7% in 2023Jessica Hall is a retirement reporter for MarketWatch.
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