2024 Cost Of Living Increase Social Security . Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday. On average, social security retirement benefits will increase by more than $50 per month starting in january.
The latest cola is 2.5 percent for social security benefits and ssi payments. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
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