Tag: Social Security 3.2% increase
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Fifty percent of older Americans worry that their retirement pay won’t be sufficient to pay the basics in 2024, despite Social Security 3.2% increase
The fact that older Americans are still suffering from high prices suggests even a minor increase in their retirement income the following year may not offer much respite. As a result of moderated inflation, the Social Security Administration (SSA) stated on October 12 that the Social Security cost-of-living adjustment (COLA) for 2024 would be 3.2%…