2024 Social Security Increase Cola Increase. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The percentage difference is the amount of the cola, which would be payable in social security checks beginning in january 2024.
The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that necessitated last. On average, social security retirement benefits will increase by more than $50 per month starting in january.
2024 Social Security Increase Cola Increase Images References :
