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As expected, Social Security recipients will be getting a 3.2% cost-of-living adjustment (COLA) in 2024 — the lowest COLA since 2021, and well below this year’s 8.7% adjustment.
Already, Social Security beneficiaries got a 5.9% monthly raise for this year’s COLA increase, which bumped the average monthly retirement benefit of $1,565 in 2021 to roughly $1,657, or about ...
The latest cost-of-living adjustment decision was based on an increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, from the third quarter of 2019 through the ...
Social Security benefits are getting a boost for 2022, potentially the biggest bump in the last 40 years. While the annual increase could be as high as 6.2% due to inflation, that monthly check may...
The last cost-of-living adjustment came in December 2022 when the Social Security Administration increased payments by 8.7%. Last year's increase marked the largest jump in nearly four decades.
The Social Security cost-of-living adjustment in 2024 will likely be just one-third of the increase seniors enjoyed this year, according to new estimates. ... was so steep in 2021 and 2022 that ...
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