2024 Cost Of Living Increase Social Security. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. Social security benefits are on pace for a 3% cola in 2024.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The 2025 cola will be announced in october 2024.
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