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Social Security update: How much 2024 payments are expected to increase

Por: Newsweek Nation October 12, 2023

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The cost of living adjustment rose by 3.2 percent for 2024, the Social Security Administration announced today. This marks a major shift down from the current year's increase of 8.7 percent.In total, that will see seniors receive an extra $58 in monthly benefits on average, with the typical check amount at $1,885.This shift could dramatically affect Social Security recipients as they rely on the payments for the majority of their living... + full article



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