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Why Social Security's next cost-of-living hike could hurt seniors

The Social Security Administration will announce its annual cost-of-living adjustment in October. Here's what analysts predict.

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Why Social Security's next cost-of-living hike could hurt seniors
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    Social Security recipients will soon learn their COLA increase for 2024. Here's what analysts predict.

    Social Security recipients will soon learn their COLA increase for 2024. Here's what analysts predict.

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    CBS News - By Aimee Picchi

    The upcoming benefit hike is likely to fall far short of the current year's 8.7% increase.

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Why Social Security's next cost-of-living hike could hurt seniors

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