2024 Cola Increase For Social Security Benefits. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.
More than 66 million retirement beneficiaries will see the 3.2% cola beginning in january 2024, the ssa said in a press release, and about 7.5 million supplemental security. In 2024, the annual increase to social security benefits (cola) will be 3.2%.
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