Social Security's 2024 Cost-of-Living Adjustment (COLA) Is Giving Retirees the Short End of the Stick
For most retired Americans, Social Security is an indispensable source of income. Annual surveys from national pollster Gallup have found that up to 90% of retired workers rely on their monthly Social Security check to cover at least a portion of their expenses.
Considering how vital Social Security benefits are to the financial well-being of tens of millions of seniors, there's no event that's more anticipated than the annual cost-of-living adjustment (COLA), which is announced during the second week of October.
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Source Fool.com
