Social Security benefits will arguably lose buying power next year because the 2.5% COLA understates inflation.

The House is expected to try to pass a Social Security-related bill this week to ensure benefits for workers who are also eligible for other pensions, despite a surprise move by hard-right Freedom Caucus leaders to derail the effort.

A bipartisan bill called the Social Security Fairness Act has the approval necessary to reverse two provisions lowering benefits.

Workers with disabilities and survivor beneficiaries will receive a 2.5% increase to their monthly checks, as well. For the average worker with disabilities, their Social Security benefit is projected to rise by $38 per month, from $1,542 to end 2024 to $1,580 to begin the new year.

Louisiana Congressman Garret Graves' bill would eliminate the Social Security penalty for 2.8 million government retirees, including 90,000 in Louisiana.