2024 Cost Of Living Increase Social Security 2024

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2024 Cost Of Living Increase Social Security 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.


2024 Cost Of Living Increase Social Security 2024

Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ€” from $1,848 to $1,907. That would be substantially lower than the record 8.7% cola for social security.

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