In July 2023, the average retired employee benefit was $1,838.58 a month. A 3% COLA would increase the sum to $1,893.74 as of January 2024, increasing benefits for retired workers by $55.16 per every month or $661.92 annually.
According to a recent report, nearly 350,000 children in Missouri live in families with low incomes to be eligible for the entire government child tax […]
The COLA for benefits in 2023, as announced by the SSA in October, would be 8.7%. Even though it’s the most significant rise since 1981, […]
The average monthly income for the over 48 million senior employees receiving Social Security benefits in September was $1,674. The yearly COLA is essentially the […]
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