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The 2024 COLA will likely be 3.2%, according to the latest and likely final estimate from The Senior Citizens League (TSCL), a nonpartisan seniors advocacy group.
Based on the June BLS data, the 2024 Social Security COLA will be 3%, according to estimates from The Senior Citizens League, a non-partisan seniors advocacy group. That estimate is up from the ...
Social security COLA rates are expected to rise even more in 2024 after the latest August CPI data was released. ... or COLA, will likely be 3.2% for 2024. That would add about $57 to monthly ...
Unless the U.S. government's September 2023 inflation report drops some kind of unforeseen surprise, you can expect the 2024 Social Security cost-of-living adjustment (COLA) to be somewhere in the...
The Senior Citizens League will issue its final 2024 COLA estimate on Sept. 13, 2023. ... The good news is, a much lower COLA in 2024 could lead to lower taxes for some Social Security recipients ...
But with inflation now cooling, TSCL estimates a 3% COLA for 2024. This would increase Social Security beneficiaries’ average monthly benefit by $53.50, from $1,787 to $1,840.
Social Security recipients will get their final payment of 2023 next week, marking the end of this year's 8.7% cost-of-living adjustment (COLA). The 2023 COLA was the highest in more than four ...
That’s less than one-third of the four-decade high of 8.7% COLA in 2023 and below last month's estimate for a 3.1% increase for 2024. Isn’t it OK if COLA is lower as long as inflation falls ...