Social Security: Here’s How To Find Out Early How Much Your COLA Increase Is

Social Security: Here’s How To Find Out Early How Much Your COLA Increase Is

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If you want to figure out how much your Social Security checks will be after the COLA increase without having to wait until then, consider using the 3.2% forecast from The Senior Citizens League (TSCL).

Based on the current forecast from the TSCL, the average Social Security benefit for retirees will jump from $1,790 to $1,847.30.

While this increase isn’t as much as the 8.7% jump last year due to slowing inflation, it’s still more than the 2.6% average over the past 20 years, as TSCL points out.

In addition to estimating your Social Security benefits early based on TSCL predictions, you can sign up for a free “my Social Security” account through the Social Security Administration.

Read more at Yahoo Finance

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