Government Shutdown Delays Social Security COLA Announcement and Payments
TL;DR
The announcement of the 2024 Social Security cost-of-living adjustment (COLA) has been delayed due to the ongoing government shutdown, which also affects the timing of benefit increases and highlights concerns about rising costs and the calculation method for COLA, with proposals to change the index used to better reflect older Americans' expenses.
Topics:businessworld#beneficiaries#cost-of-living-adjustment#government-shutdown#inflation#social-security#world
- Social Security cost-of-living increase announcement delayed by government shutdown ABC News - Breaking News, Latest News and Videos
- Social Security COLA for 2026: Agency confirms when to expect announcement CNBC
- Live updates: Judge temporarily blocks Trump's shutdown layoffs NBC10 Philadelphia
- Social Security workers say the shutdown has them unable to help with benefit letters NPR
- Will the government shutdown impact Social Security payments? Austin American-Statesman
Want the full story? Read the original reporting
Read on ABC News - Breaking News, Latest News and Videos