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Social Security recipients should observe a rise in their benefits due to the implementation of the annual cost-of-living adjustment (COLA) for 2024.
Business network joins us. adam, good morning. how does this break down? >> well, for the average recipient right now they are getting $1,237 a month. it's really not that big an increase it will be between 12 and $24. we can show you right now what they can expect. as you said a lot of retirees, 56 million people who received social security will find out tomorrow from the bureau of labor statistics how large that increase might be. nobody is expecting 2%, it's expected to be less than that. martha: how do they determine these cola payments? obviously it's pinned to the economy and how much m...