Business

The COLA for Social Security in 2024 may be significantly lower than in 2023. There is a bright side.

A lower raise in 2024 is not entirely undesirable.At the beginning of 2023, Social Security benefits for seniors increased by 8.7%. That raise was the most significant COLA that had been implemented in decades. Over the past five months and change, it has hopefully assisted some seniors in strengthening their finances and gaining purchasing power. […]