Social Security CostOfLiving Adjustment COLA for 2024 Released

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=WFwrxFt_t9U

A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. With rising inflation, this number can make or break a retiree's plans. Inflation is measured using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The COLA for 2023 was 8.7% and for 2024 it is 3.2%. • Social Security benefits are the most important source of U.S. retirement income. Over time, however, trends in employer-provided pension offerings, societal changes, and Social Security program rule changes have altered the distribution of income by source among the aged population. This is why setting up a personal pension is more important than ever to counteract these unstable economic trends. • To Listen to the Full Episode: https://activewealthshow.com/podcasts/ • For More Information: https://ActiveWealth.com • To Contact Ford Stokes and the Active Wealth Show: https://activewealthshow.com/contact/

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