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What 2024 will look like for the average Social Security recipient

Beginning next month, over 64 million older Americans will see an increase in their Social Security benefits. The cost-of-living (COLA) increase of 3.2 percent is modest compared to last year’s 8.7 percent and a decrease in Medicare Part B premiums. However, 2024 will see an increase in Medicare premiums of roughly $9.80, which will shrink any increase received by Social Security recipients. The attached article by AP and Staff explains how much the average Social Security recipient will receive in 2024. Read the attached article here…

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