Social Security benefits will increase by 3.2% in 2024 as inflation moderates

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Social Security benefits will increase by 3.2% in 2024 as inflation moderates
France Dernières Nouvelles,France Actualités
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Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024

FILE - The U.S. Social Security Administration office is seen in Mount Prospect, Ill., Oct. 12, 2022. About 71 million people including retirees, disabled people and children receive Social Security benefits. , far less than this year's historic boost and reflecting moderating consumer prices.

About 71 million people — including retirees, disabled people and children — receive Social Security benefits. There have been legislative proposals to shore up Social Security, but they have not made it past committee hearings.

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Social Security’s COLA will rise 3.2% in 2024 vs. 8.7% in 2023Social Security’s COLA will rise 3.2% in 2024 vs. 8.7% in 2023Jessica Hall is a retirement reporter for MarketWatch.
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Social Security benefits will increase by 3.2% in 2024 as inflation moderatesSocial Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024. That's far less than this year’s historic boost and reflects moderating consumer prices. The Social Security Administration says recipients will get more money every month, beginning in January.
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