Some one in seven recipients ages 65 and older depend on Social Security for nearly all of their income.
Measuring inflation takes resources, but both the public and the U.S. government itself benefit from having an accurate read on price changes.
The 2024 cost-of-living adjustment comes out to 3.2%, a pretty modest amount compared to past years.
During a wave of industrial unrest, triggered by the cost of living crisis, striking workers voice their discontent from the picket line.
The adjustment is likely to be announced this week and expected to be around 9%. It’s welcome news for recipients struggling with inflation.
