Thursday, September 14, 2023

Retirement: 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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Retirement

Thu Sep 14 2023

 
Two people on a couch looking at paperwork.

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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FILE - A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. Millions of Social Security recipients will soon learn just how high a boost they'll get in their benefits next year. The increase to be announced on Thursday, Oct. 13, 2022, expected to be the highest in 40 years, is fueled by record high inflation and is meant to help cover the higher cost of food, fuel and other goods and services(AP Photo/Jenny Kane, File) ORG XMIT: WX307
 

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