Cost Of Living 2024 Social Security Increase. It's a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
The latest cola is 2.5 percent for social security benefits and ssi payments. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.
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