The first round of Social Security 2024 checks are dropping tomorrow and recipients are expected to see an increase!
Social Security 2024 (Photo: Kiplinger)
Social Security 2024 Gets to See an Increase for First Check on January
According to MATRICBSEB, the average Social Security 2024 retirement income has increased by 3.2%. Although it is a little less than half of the typical American worker’s annual salary of $22,260. They will get approximately $ 5,000 per month in Social Security 2024.
The estimation for the maximum monthly benefit to Social Security 2024 beneficiaries will be $4,873. This is an increase from only $4,195 in 2022 and $4,555 in 2023.
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Social Security 2024’s First Check to Drop Tomorrow Worth Up To $4,873, Many People Dissatisfied of Increase
According to The U.S. Sun, the first round of January Social Security 2024 checks are dropping in less than 24 hours after the increase of 3.2% in this year’s adjustment for the cost of living to account for the inflation.
Moreover, the maximum amount for seniors this Social Security 2024 is $4,873, Those with a birthdate before the 10th will see their Social Security 2024 checks first.
However, it was also noted that many seniors don’t feel like the increase is not enough due to the high inflation. 62% of recipients expressed dissatisfaction with the increase nearly 3 in 5 beneficiaries reported they were struggling financially.
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