Social security benefits to increase in 2024

Social security recipients will be receiving a cost-of-living increase beginning next year.

The Social Security Administration announced this week that the cost-of-living adjustment will be about 3.2 percent, meaning the average recipient will receive $50-60 more per month starting in January.

Last year, the Social Security Administration approved an 8.7 percent benefit increase.

 

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Zac Oakes is the News and Sports Director for LakerCountry.com and Laker Country WJRS 104.9 FM.