How much will Social Security recipients get in their checks next year?
said Wednesday that it estimates the Social Security COLA will be 3.2% for 2024. That would add about $57 to the average monthly benefit, the group says.While a raise is always good, the TSCL pointed out that most older adults claim Social Security benefits before reaching full retirement age and receive permanently reduced benefits, making it difficult to make ends meet.— , but nobody is getting rich.
“According to TSCL’s latest Retirement Survey, only 45 percent of those participating report spending less than $2,000 on monthly expenses in 2023.
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