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Social Security's 2024 COLA Is Shaping Up to Be a Double-Edged Sword for Retirees

TheMotleyFool

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Social Security's 2024 COLA Is Shaping Up to Be a Double-Edged Sword for Retirees: https://g.foolcdn.com/editorial/images/747616/senior-fanning-cash-retirement-social-security-getty.jpg

The most important day of the year for Social Security's nearly 67 million beneficiaries is now just 25 days away.

On Thursday, Oct. 12, 2023, the U.S. Bureau of Labor Statistics (BLS) will release the September inflation report. This report provides the final puzzle piece needed to calculate Social Security's cost-of-living adjustment (COLA) for the upcoming year.

Image source: Getty Images.

Source Fool.com

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