WASHINGTON — The ongoing government shutdown is delaying the announcement of the annual Social Security cost-of-living adjustment for tens of millions of beneficiaries.
What You Need To Know • The ongoing government shutdown has delayed the announcement of the annual Social Security cost-of-living increase • This announcement, originally scheduled for Wednesday, is now set for Oct. 24 • The delay affects millions of beneficiaries who rely on these adjustments to plan their finances • The Senior Citizens League and AARP are projecting a 2.7% increase, which many retirees worry this won't cover rising costs
Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It is timed to the September Consumer Price Index, which also has not yet bee