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Social Security benefits to rise 3.2% in 2024 after 8.7% hike for 2023

Name: Social Security benefits to rise 3.2% in 2024 after 8.7% hike for 2023
Uploaded: 2023-10-12T14:49:00-0400
Duration: 4 min 10 s
Description: The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.

The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.