Social Security COLA May Be Less in 2024

17
Jul

Social Security COLA May Be Less in 2024

For 2023, Social Security Retirement and Supplemental Security Income (SSI) benefits increased due to inflation. The increase was 8.7%, resulting in an average monthly benefit increase of $146 per month for a yearly increase of $1,827 in 2023. What is Social Security COLA Social Security benefits are adjusted yearly for inflation as a cost-of-living adjustment (Social Security COLA). Based on

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