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Social Security COLA Estimates Only at 2.7% in 2024. Maximize Your Amount!
While COLA (cost-of-living adjustments) went up 8.7% in 2023, increases will be nowhere near that high in 2024. This is harrowing news for those who live on a fixed income or use their Social Security checks as the main source to support themselves.
The reduction in increases is due to lower projected inflation compared to the consumer price index of 2023.
“The declining inflation rate informs most economists’ predictions that the 2024 COLA will fall between 2.7% to 3%,” said Krieg Tidemann, an assistant professor of economics at Niagara University.
This could mean that after being in the workforce for years, you might have to find temporary or seasonal employment to make up for lost income.
But what if there was a different way to generate the difference?
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The report is called How to Boost Your Social Security in Retirement by at Least $100,000.
Since 2008, Allen’s strategies have helped thousands of Americans collect many millions of dollars more in additional Social Security benefits. His average client collects $120,000 MORE using these strategies!
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Sincerely,
Newsmax Finance
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