Social Security 2024 Cola Increase Update. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. Ssa announced that next year's cola will boost the average monthly social security retirement benefit by.
The latest cola is 2.5 percent for social security benefits and ssi payments. Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting moderating consumer.
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