Social Security’s cost-of-living adjustment set at 3.2% — less than half of the current year’s increase

The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. But with inflation still far from its pre-pandemic levels, seniors and other recipients may be at risk of losing financial ground with the […] Read More