2024 Cola Increase For Social Security

2024 Cola Increase For Social Security. Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. The social security administration says that will raise average monthly payments by more than.