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Cost Of Living Adjustment Cola

All articles tagged with #cost of living adjustment cola

social-security2 years ago•1 min saved

2024 Social Security Benefit Increase: What You Need to Know

The official announcement of the increase in Social Security benefits for 2024 has not yet been published. The announcement is typically made in October once the Consumer Price Index for Urban Wage Workers and White-collar Workers (CPI-W) data for July, August, and September are available. The cost-of-living adjustment (COLA) is expected to go into effect in December and could be around 3% according to estimates from The Senior Citizens League.

via AS USA|

#cost-of-living-adjustment-cola #cpi-w #senior-citizens-league

social-security2 years ago•1 min saved

"Projected Social Security COLA Increase for 2024 Revealed"

The latest estimate from the Senior Citizens League suggests that there could be a 3% increase in Social Security benefits in 2024. The increase is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, which rose by 2.3% year over year. The final COLA for 2024 will be determined using third-quarter data from the index, and there may be changes to the estimate as more data is analyzed. The average monthly benefit as of June 2023 is $1,701.62.

via NJ.com|

#consumer-price-index #cost-of-living-adjustment-cola #inflation