{"id":1997390,"date":"2023-08-11T03:03:01","date_gmt":"2023-08-11T07:03:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seniors-told-to-brace-for-far-lower-social-security-payment-boost-in-2024\/"},"modified":"2023-08-11T03:04:03","modified_gmt":"2023-08-11T07:04:03","slug":"seniors-told-to-brace-for-far-lower-social-security-payment-boost-in-2024","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seniors-told-to-brace-for-far-lower-social-security-payment-boost-in-2024\/","title":{"rendered":"Seniors warned of reduced Social Security boost in 2024."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fseniors-told-to-brace-for-far-lower-social-security-payment-boost-in-2024%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1997390&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The\u200d 2024 Cost-of-Living Adjustment (COLA) Increase for\u200b Social Security Recipients<\/h2>\n<p>The 2024 cost-of-living adjustment (COLA) increase for Social Security recipients is \u200bexpected to be\u200d significantly lower than the previous year, leaving many seniors disappointed. According \u200bto a nonpartisan seniors group, \u200dThe Senior Citizens League, a\u200b staggering eight\u200d out of ten retirees are still struggling to cope with the effects \u2062of inflation.<\/p>\n<h3>The \u200bImpact of Inflation on Retirees<\/h3>\n<p>The Senior Citizens League (SCL)\u200b has conducted a study revealing the\u2062 alarming impact of\u2063 inflation on retirees. The findings indicate that\u2064 the upcoming COLA increase\u200d for 2024 is\u200b likely to be a mere fraction of what it was in \u20622023, exacerbating the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seniors-told-to-brace-for-far-lower-social-security-payment-boost-in-2024\/\" title=\"Seniors warned of reduced Social Security boost in 2024.\">financial challenges\u2063 faced<\/a> by seniors.<\/p>\n<blockquote>\n<p>&#8220;We\u2064 are deeply concerned about the financial well-being of \u2063our nation&#8217;s seniors,&#8221; says the SCL spokesperson. &#8220;The rising costs of\u2063 essential goods and services have left\u2062 many\u2063 retirees struggling to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/under-trump-americans-have-seen-their-best-wage-growth-in-40-years\/\" title=\"Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years\">make ends meet<\/a>.&#8221;<\/p>\n<\/blockquote>\n<p>With the rising costs\u2062 of healthcare, housing, and everyday \u200bexpenses, the\u200d limited COLA increase is expected to \u200dfurther strain \u2064the budgets of Social Security recipients. The disappointment among seniors is\u200b palpable, \u2063as they had\u200d hoped for \u200da more substantial adjustment to\u200c keep up with the \u2062rising cost of living.<\/p>\n<h3>Addressing the Needs of Seniors<\/h3>\n<p>It\u2063 is crucial for\u2063 policymakers to recognize \u2063the urgent need to address the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chris-christie-suggests-trump-sell-new-york-property-to-cover-legal-fees\/\" title=\"Chris Christie advises Trump to sell NY property for legal fees.\">financial \u2064challenges faced<\/a> by seniors. The Senior Citizens League is advocating for a more comprehensive COLA increase that adequately reflects the realities\u2063 of inflation and ensures the well-being of retirees.<\/p>\n<p>As the\u200d debate\u2063 continues,\u2063 it is essential to prioritize the financial security and \u200cquality \u200cof\u200d life for our \u2063nation&#8217;s seniors. Bold action is required to provide the necessary support \u200cand assistance to \u200bthose who have contributed so much to our society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2024 COLA increase for Social Security recipients is expected to be much smaller than in 2023, disappointing many seniors. A nonpartisan seniors group revealed that 80% of retirees are still struggling with inflation. The Senior Citizens&#8217; latest estimate confirms this trend.<\/p>\n","protected":false},"author":118,"featured_media":1997391,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1997390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1997390"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1997391"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1997390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1997390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1997390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}