The cola 2024 prediction, specifically, has financial professionals on their toes due to its potential impact on retirement planning strategies. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.
There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. Ways for social security beneficiaries to earn more.
Since The Federal Reserve Appears To Have Made Progress On The Inflation.
What is the 2025 cola prediction?
Cola Prediction Suggests A Potentially Small Social Security Increase.
A 3.2% cola would mean about an extra $54.50 each month.
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Due To Inflation, The Cola Is Rising This Year, So The 66 Million Social Security Beneficiaries Will See A Higher Benefit Starting In January Of Next Year.
Based on the latest inflation numbers, the senior citizens league now predicts the 2024 cola for social security benefits could be 3.1%.
There’s A Chance The 2024 Cola Could Drop Below 3% If The September Inflation Rate Is Especially Low.
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