WASHINGTON (AP) — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices. The cost-of-living adjustment, or COLA, means the average recipient will receive more than $50 more every month beginning in January, the Social Security Administration said Thursday. The AARP estimated that increase at $59 per month. “This will help millions of people keep up with expenses,” said Kilolo Kijakazi, Social Security’s acting commissioner. About 71 million people — including retirees, disabled people and children — receive Social Security benefits. Thursday’s announcement follows this year
Hence then, the article about social security benefits will increase by 3 2 in 2024 as inflation moderates was published today ( ) and is available onSentinel-Tribune ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Social Security benefits will increase by 3.2% in 2024 as inflation moderates )