Tag: 2023 COLA
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The 2023 COLA for Social Security was 8.7%- 2024 might see a tighter budget
The 66 million Social Security beneficiaries in the country received the largest pay increase until 1981 this year, thanks to an 8.7% cost-of-living adjustment designed to balance the strongest inflation in forty years. The benefit adjustment for the following year, however, appears to be considerably smaller. As per the Senior Citizens League, an organization for elderly…