Tag: COLA for Retirees in 2024

In 2024, Social Security benefits are scheduled to receive a 3.2% cost-of-living adjustment (COLA). The recipients will receive a small increase in income, which is the greatest obvious benefit. The average retired worker, for example, will get an extra $59 a month in 2019. Comparably, the most evident drawback is that in 2023 beneficiaries received…