Wed Sep 11 09:35:28 UTC 2024: ## Social Security Recipients Brace for Cost-of-Living Adjustment Announcement

**WASHINGTON, D.C.** – The annual Social Security cost-of-living adjustment (COLA) announcement is just around the corner, with the Labor Department set to release September inflation data on Thursday, October 10th at 8:30 a.m. ET.

This announcement is a crucial event for millions of Social Security recipients, as the COLA directly impacts their monthly benefits. The Social Security Administration uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to calculate the COLA, ensuring benefits keep pace with inflation.

The September inflation data will be used to determine the COLA for 2024. While the exact percentage increase remains unknown, experts are expecting a significant adjustment due to the high inflation experienced over the past year.

Social Security recipients are eagerly awaiting the announcement, hoping for a substantial increase that will help offset the rising cost of living.

Read More