How Much Will 2024 Social Security and SSI Increase After Record 2023 COLA Increase – Extra Monthly Payment Amount
[Updated for projected 2024 Increase] Soaring inflation and related Fed rate hiking actions had a silver lining for many eligible recipients in 2023, with a 8.7% increase (~$145 p/month) in Social Security (SS) benefits and Supplemental Security Income (SSI) payments in 2023. The 2024 increase however is expected to much smaller as inflation cools,…
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