Social Security Announces New Benefit Increase: Who Will Be Affected and When

Social Security Announces New Benefit

The Social Security Administration (SSA) has revealed a 3.2% increase in benefits for 2024, impacting over 71 million Americans, including retirees, individuals with disabilities, and those receiving Supplemental Security Income (SSI). This Cost-of-Living Adjustment (COLA) is designed to help beneficiaries cope with rising inflation. The new payment amounts will be reflected in checks starting in … Read more