Ssa Cost Of Living Increase 2024

Ssa Cost Of Living Increase 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. The social security administration’s cost of living adjustment, or cola, is based on inflation data from the consumer price index.