They're Finally Here: 3 2024 Social Security Improvements We've Been Waiting For
January 1st brought some much-needed upgrades to Social Security that will hopefully make life a little easier for the millions of seniors who depend on it. The following three changes are a result of automatic adjustments the government makes to the program each year to help benefit checks keep up with the rising cost of living. They may not all affect you, but all beneficiaries will notice the effects of at least one of these.
This month's Social Security checks will be 3.2% higher than last month's, thanks to the latest cost-of-living adjustment (COLA). The Social Security Administration implements one of these in most years to help the value of seniors' checks keep up with inflation.
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Source Fool.com
