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As previously reported by GOBankingRates, a 3.0% COLA would represent a big drop from this year’s COLA of 8.7% — the highest since the early 1980s. Social Security beneficiaries can thank the ...
The percentage difference is the amount of the COLA, which would be payable in Social Security checks beginning in January 2024. A 3.2% COLA is still higher than the average over the past 20 years ...
Beginning in 2024, the COLA will be 3.2% — much lower than those approved in 2023 and 2022, but still higher than the average over the past decade. See: 7 Bills You Never Have To Pay When You Retire
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...
Most Americans cheer cooling inflation, but Social Security recipients worry COLA for 2024 could end up less than a third of 2023's 8.7% increase.
It's almost a sure bet that the 2024 Social Security cost-of-living adjustment (COLA) will be around 3%, based on the U.S. Department of Labor's latest inflation data. That's well down from the 8. ...
The 8.7% COLA increase has exceeded the actual rate of inflation in every month so far this year by an average of 2.6%. That amounts to just shy of $45 per month, based on an average Social ...
The 3.2% cost-of-living adjustment (COLA) that Social Security recipients will get in 2024 sounds small compared with this year’s 8.7% COLA, but it’s still one of the highest this century.In ...