Social Security Announces Significant Cost of Living Increase for 2024 By Lee F. Hediger
Posted on January 16, 2024 by Lee Hediger
The nation’s 71 million recipients of Social Security and/or Supplement Security (SSI) benefits are seeing those payments rise by 3.2 percent in 2024, a sharp contrast to last year’s 8.7 percent increase. According to the Social Security Administration, the 2024 cost-of-living adjustment (COLA) represents an additional benefit of $50 per recipient each month. The Social […]