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The most eagerly anticipated piece of Social Security news each year is no doubt the cost-of-living adjustment (COLA). Though it’s too early to know what that number will be in 2024, don’t expect anything close to the giant 8.7% raise beneficiaries received in 2023. Because of cooling inflation, The Senior Citizens League projected earlier this month that the 2024 COLA will be around 3.1%
Though next year’s COLA won’t be announced until October , there are a few other pieces of Social Security-related news you should know. Here are five changes to Social Security you probably weren’t aware of.
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