Do you collect social security benefits? Here's a little something you should know.
Social security benefits are indexed to inflation, which means, if the cost of living increases, so do your social security benefits. Pretty nice, huh?
Social Security benefits will increase by 3.2% in 2024. This is automatic and does not require any action on your part.
The Social Security Administration will mail cost of living adjustment information throughout the month of December. However, you can always visit your personal my Social Security account to view your notice online.