Social Security Benefits Are Increasing in 2024, but They Might Not Go Further. Here's Why.
By now, you've probably heard that the Social Security cost-of-living adjustment (COLA) for 2024 is 3.2%. It might not sound like much, but it's actually above average. The typical retired worker will see their checks rise by $59 per month, and some will get much more.
But for many, this boost might fall short of what they need to cover their expenses next year. Below, we'll take a look at why, and what seniors can do if they're worried about making ends meet.
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Source Fool.com
