The Social Security Administration recently announced a 3.2% cost-of-living adjustment (COLA) for benefits in 2024. While this increase is smaller than the 8.7% boost seen in 2023, it still represents a significant…
Tag: cost-of-living adjustment
Here’s Why Your Social Security Check Is Smaller Than You Expected
Social Security is a federal program that pays benefits to eligible individuals upon retirement, disability, or death. While Social Security benefits can be an important source of income for many Americans, the amount paid out each month may seem low to some. There are several reasons why Social Security pays relatively little.
