Social Security Increase 2024 Cola 2024

Social Security Increase 2024 Cola 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The senior citizens league (tscl), one of the nation’s largest nonpartisan seniors groups, had previously estimated that the 2024 cola would be 3.2% based on the rise in consumer price data.