Your 2024 Social Security check will be increasing in October, here's what you need to know
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. Read more about Select oneffective in January 2024. This is a smaller increase than Social Security saw last year, and isn't expected to be treated as a "bonus" but rather to keep up with the current inflation rate.tied to the current rate of inflation.
It's a great place to store an emergency fund you can use to quickly cover any surprise expenses.The changes to your Social Security will happen sometime after the Bureau of Labor Statistics releases new data on October 12th at 8:30 AM Eastern Standard Time. In the past, the Social Security cost-of-living adjustment was announced less than 24 hours later, and the changes will take effect in January 2024.
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COLA Social Security Benefits Expected to Rise 3.2% in 2024The government on Thursday announces how much checks rise next year for the roughly 67 million Social Security recipients.
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COLA Social Security Benefits Expected to Rise 3.2% in 2024The government on Thursday announces how much checks rise next year for the roughly 67 million Social Security recipients.
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Social Security’s COLA will rise 3.2% in 2024 vs. 8.7% in 2023Jessica Hall is a retirement reporter for MarketWatch.
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Social Security benefits will increase by 3.2% in 2024 as inflation moderatesMillions of Social Security recipients will get a 3.2% increase in their benefits in 2024. That's far less than this year’s historic boost and reflects moderating consumer prices. The Social Security Administration says recipients will get more money every month, beginning in January.
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