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How Much Bigger Will Your Social Security Checks Be In 2024?


Social Security retirees will get bigger benefit checks next year. That's thanks to the cost-of-living adjustment (COLA) that will be applied. COLAs raise the amount of Social Security benefits to help ensure retirees don't lose ground due to inflation when a consumer price index shows costs of goods and services are going up.

But just how much will your monthly payment increase? Here's what you need to know.

Image source: Getty Images.

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Source Fool.com


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