The Social Security Administration (SSA) announced the new Cost of Living Adjustment (COLA) for 2024. Here's what Social Security recipients should expect for their income next year
The new COLA, or cost-of-living adjustment, for 2023 is 3.2%, well below this past year's record-setting increase, according to the Social Security Administration .The last time a higher COLA was announced since 2023 was 1981 when the COLA was at 11.2%.
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