What Is The Cost Of Living Raise For 2024
What Is The Cost Of Living Raise For 2024. Employers plan to offer an average salary increase of 4% for 2024, according to a new survey from wtw, which advises companies on compensation issues. The annual increases are called cost of living.
A cost of living adjustment (cola) is a change in monthly social security benefits that accounts for inflation. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.
