Will Social Security get a raise in 2024?
So, we’ve peeled back the layers on the Social Security COLA increase in 2024. We learned it’s a significant boost – an impressive 3.2% that will affect over 71 million Americans. The CPI-W, from the Department of Labor, calculated the 3.2% Social Security COLA increase for 2024 that will impact over 71 million Americans. And yes, there are changes to retirement earnings test exempt amounts for those still in their earning years. We also touched on how you can directly access your benefit amount online and even opt out of mailed notices for digital ones instead. Understanding these dynamics helps secure your financial future while maximizing your benefits.