The 2024 Social Security COLA Could Impact This Retirement Decision


According to a recent announcement, the 2024 Social Security Cost-of-Living Adjustment (COLA) is 3.2 percent.

This number is barely a third of last year’s increase. While the record-breaking 8.7 percent COLA in 2023 looked amazing on paper, its effects fell short in an inflationary economy.

Could this less-than-impressive increase lead many seniors to come out of retirement?

As prices remain high, and in some cases continue to rise, it’s a tough time to make ends meet, especially with such a small boost.

What are your thoughts? Is this number high enough to help you stay retired? Will it make a substantial difference in your choice to return to the workforce?


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