Millions of Americans will see their Social Security benefits increase by 3.2% beginning in 2024, officials announced Thursday.
Theresa Seiger, Cox Media Group National Content DeskThe more than 66 million Americans who receive Social Security benefits will get more than $50 more each month starting in January. About 7.5 million people who get Supplemental Security Income benefits will begin seeing increased payments on Dec. 29, 2023, officials said.
The cost-of-living adjustment, or COLA, is far less than the 8.7% increase Social Security recipients saw this year, as prices for consumers begin to moderate, Officials said consumer prices rose by 0.4% in September, amounting to a 3.7% increase over the last 12 months before seasonal adjustment. The rising prices of shelter and gasoline were the largest contributors to the figure,In September 2022, when this year’s COLA was announced, consumer prices were up by 8.2% over the prior 12 months, officials said.
Social Security benefits and Supplemental Security Income payments are adjusted annually based on the cost-of-living “to ensure that the purchasing power of Social Security benefits and SSI payments is not eroded by inflation,”Hamburger Mary’s Jacksonville experiences fire, causing them to close until further notice
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Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024
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Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024
続きを読む »
Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024.
続きを読む »
Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024.
続きを読む »
Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024.
続きを読む »