Social Security's 2024 COLA Might Leave Retirees Worse Off Than They Expect
Social Security beneficiaries will see their monthly checks increase 3.2% in 2024.
The Social Security Administration's (SSA) annual cost of living adjustment, or COLA, is designed to help offset inflation. But for many recipients, the 3.2% increase next year will not go nearly as far they hope.
Here's why.
Source Fool.com