Anticipated Social Security Cola For 2024. The cola increase raises social security payments by 3.2%. The latest cola is 3.2 percent for social security benefits and ssi payments.
In 2023, the social security administration indicated the cola would increase by 3.2% 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.
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