Social Security Cola Increase 2024

Social Security Cola Increase 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Since 1975, social security's general benefit increases have been based on increases in the cost of living, as measured by the consumer price index.

Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa). Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2.