Social Security Recipients Set To Get A Cost of Living Boost

Source: Richard Stephen / Getty

In contrast to this year’s remarkable surge, millions of Social Security beneficiaries are set to see a more moderate 3.2% increase in their benefits for 2024, aligning with the stabilization of consumer prices.

 Text “DCnews” to 52140 For Local & National News Sent Directly To You!

The Cost-of-Living Adjustment (COLA) will result in the average recipient receiving an additional $50 or more per month, starting in January, as stated by the Social Security Administration.

RELATED: What You Need To Know About Social Security Benefits Even Before You’re Old Enough For Them

This change comes on the heels of an extraordinary 8.7% benefit increase this year, driven by 40-year-high inflation rates, which significantly impacted the cost of consumer goods. However, with the gradual easing of inflation, the forthcoming annual increase is noticeably smaller.

source: The DMV Daily

READ MORE:

• Coco Jones Shines at Super Bowl with Powerful Tribute to Black History and Whitney Houston
• Bridging The Health Divide: DC’s New Initiatives Address Longstanding Health Disparities
• Sybil Wilkes Breaks Down What We Need to Know: February 6, 2026
• Kamala Harris Relaunches KamalaHQ As Gen Z Media Hub ‘Headquarters’
• National Park Service Removes Brochures For Medgar Evers Monument And Will No Longer Describe The Klan Member Who Killed Evers As Racist
• How Black History Month Changed America
• 7 Bible Verses Every Couple Needs This Valentine’s Day
• Black History Flashcards By Urban Intellectuals (Photo Gallery)
• Sybil Wilkes Breaks Down What We Need to Know: February 3, 2026
• ‘Trapped In A Body That Won’t Move’: 1 Man’s Fight To Live As Health Care Hangs In The Balance

Get Breaking News & Exclusive Content in Your Inbox:  

Social Security Recipients Set To Get A Cost of Living Boost In 2024 was originally published on woldcnews.com