How Much Is Cola Increase For 2024

How Much Is Cola Increase For 2024. That’s less than half of the previous year’s cola increase. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The cola increases social security payments to help benefits keep pace with inflation.