Social Security Changes 2024: Outlining the Impact on Americans
Portland, Oregon – Social Security recipients will see several changes in 2024, with some adjustments having both positive and negative impacts on their finances. The cost-of-living increase (COLA) for 2024 is expected to be 3.2%, which, although significantly less than the 8.7% increase in 2023, is still higher than the average over the past couple of decades. For retirees, the 3.2% increase will result in a boost to the average monthly payment, while the maximum …