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The Bad News About Social Security's 2024 Cost-of-Living Adjustment (COLA)

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fool.com/retirement/2023/07/16/the-bad-news-about-social-securitys-2024-cola

The fiercest inflation in four decades tore through the U.S. economy in 2022, and the rising cost of gas, groceries, and monthly utilities put many Americans in a difficult financial position. But retired workers on Social Security were hit especially hard, because the 5.9% cost-of-living adjustment (COLA) applied to benefits last year failed to offset inflation. In other…

This story from fool.com was posted on 2023-07-16 by @petalstorm.

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