For 2024, Social Security recipients got a 3.2% COLA. In 2023, the annual adjustment reached 8.7% — a nearly 40-year high as inflation soared — while the 2022 COLA stood at 5.9%.
Effective September 30, 2024, the Florida minimum wage will be $13.00 per hour. On November 3, 2020, Florida voters approved a constitutional amendment to gradually increase the state's minimum wage each year until reaching $15.00 per hour in September 2026.