2024 Social Security Increase Cola. Social security benefits will increase by 2.5 percent beginning with the december 2024. The cola increase raises social security payments by 3.2%.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. 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, the social.
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