2024 Social Security Boost: What Seniors and Veterans Need to Know

1 min read
Source: Fox Business
2024 Social Security Boost: What Seniors and Veterans Need to Know
Photo: Fox Business
TL;DR Summary

Seniors will receive a 3.2% increase in their monthly Social Security checks starting in December 2024. However, many retirees, like Suzanne Mencer, find that the boost is still not enough to cover their expenses, leading them to continue working. With inflation outpacing the historical increase, retirees face challenges in making ends meet. The increase in the cost-of-living adjustment may not fully cover rising expenses, prompting some seniors to seek additional sources of income.

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