The Social Security cost-of-living adjustment could be 3% in 2024, a big drop from last year, amid signs that high inflation is beginning to moderate.
An increase of that magnitude would raise the average retiree benefit of $1,827 by about $54 per month.
Still, it is a very early estimate and is subject to change, according to Mary Johnson, a policy analyst at the Senior Citizens League who conducted the research. The"If inflation continues to fall at the current rate it appears that the COLA for 2024 will be lower than 3%," Johnson said.
This year's 8.7% benefit increase has exceeded the actual rate of inflation every month so far in 2023 by about 2.6%, according to the group's analysis, or roughly $44.90 per month. But average benefits have recovered only $179.40 since the start of the year – and that's the amount before the deduction of the Medicare Part B premium. The standard Part B premium is
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2024 Porsche Cayenne, 2024 Lincoln Nautilus: Today's Car NewsPorsche's updated Cayenne, a redesigned Lincoln Nautilus, and a Jeep restomod all made headlines today.
Leer más »
2024 Toyota Tacoma, BMX XM, 2024 Buick Electra E4: The Week In ReverseToyota teased the 2024 Tacoma again, the BMW XM model lineup expanded, and the 2024 Porsche Macan EV underwent track testing. It's the Week in Reverse, right here at Motor Authority. The 2024 Toyota Tacoma will become the first Trailhunter model in the automaker's expanding off-road lineup. Teaser images of the 2024 Tacoma Trailhunter released this week...
Leer más »
Democrats want to run against Trump in 2024Despite his best efforts, former President Donald Trump is in a good spot with respect to the campaign for the Republican presidential nomination in 2024.
Leer más »
Exclusive: Olympics - Paris 2024 plans Games relay changes, fewer torches, source saysParis 2024 Olympic torchbearers may not all get to keep their torches as a cherished memento of the Games because organisers plan to cut down on the number made in the name of sustainability, a source told Reuters.
Leer más »
WATCH: Sen. Tim Scott Unveils 2024 White House Exploratory CommitteeSen. Tim Scott (R-SC) took the next step toward a bid for president in 2024 by publicly announcing Wednesday his intention to form a White House Exploratory Committee.
Leer más »
Trump vows to stay in the 2024 race even if he's convictedTrump's insistence that not even a criminal conviction would cause him to drop his latest bid for the White House is almost certain to give Republicans headaches.
Leer más »