Tag: Fixed Incomes Monthly Raise

Social Security 2024: Anticipated Increase, $59, and Payment Schedule Revealed

Dec 23, 2023

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by

Catherine Mirandilla

in Finance

In the eagerly awaited Social Security updates for 2023, beneficiaries can anticipate a significant boost in their income, with a new Cost of Living Adjustment (COLA) set to take effect imminently. The COLA for 2023 will result in a substantial $59 increase in Social Security payments, providing crucial financial relief for recipients. As beneficiaries gear…