(Photo: Shutterstock)
Retirees this year received an 8.7% cost-of-living adjustment in their Social Security benefits, which was the largest increase in four decades. The 2024 increase, however, the declining rate of inflation points to a "significantly lower" COLA and may actually be less than half that percentage, according to a new estimate by The Senior Citizens League, a nonpartisan advocacy group.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
