Thursday, September 28, 2023

Retirement: How inflation will affect Social Security, tax changes

The Social Security cost-of-living adjustment for 2024 won't be as high as the 8.7% adjustment for 2023, probably in the low 3% range.

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Retirement

Thu Sep 28 2023

 
Income Taxes

The Social Security cost-of-living adjustment for 2024 won't be as high as the 8.7% adjustment for 2023, probably in the low 3% range.

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Social Security COLA 2024 estimate edges up but seniors still struggle

The Social Security cost of living adjustment forecast rose with inflation in August, but seniors are still struggling from two years of inflation.

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