Is the 2024 Social Security Boost Just Smoke and Mirrors? Find Out Why!
As retirees look towards 2024 with anticipation for the Social Security Cost-of-Living Adjustment (COLA), the expected increase may not be the financial panacea many are hoping for. With the COLA set at 3.2%, this translates to an average of just over $50 extra per month for the more than 66 million beneficiaries. While this adjustment is designed to help Americans maintain their standard of living in the face of inflation, the reality is that it …