Social Security Update: How Much Payments Are ...
Article Excerpt: "Seniors' cost of living adjustment (COLA) is expected to decrease drastically in the upcoming year, compounded by the high price of goods that contrasts with the falling rate of inflation. The Social Security Administration is expected to announce the 2024 Social Security COLA this October, anticipated by some groups to hit 3 percent and raise the average monthly benefit of about $1,787 by approximately $53. ..."
Resource: www.newsweek.com