Social Security 2024 Cola Fact Sheet. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Beginning in january 2024, social security recipients will see a 3.2% increase in their monthly payments to help offset inflation.
In addition to next thursday’s 2024 cola announcement, the social security administration is also expected to release an updated “fact sheet” on oct. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
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