The Social Security cost of living adjustment for 2024, expected to be announced next Thursday, is forecast to be 3.2 percent, far below this year’s 8.7 percent bump. The smaller increase would reflect the cooling of consumer prices, but inflation is an ever-present risk that should be a consideration in your retirement plan.
How to protect your retirement from inflation
How to protect your retirement from inflation
How to protect your retirement from inflation
The Social Security cost of living adjustment for 2024, expected to be announced next Thursday, is forecast to be 3.2 percent, far below this year’s 8.7 percent bump. The smaller increase would reflect the cooling of consumer prices, but inflation is an ever-present risk that should be a consideration in your retirement plan.