How Much Will Cola Increase In 2024
How Much Will Cola Increase In 2024. In 2024, the cola increase for social security beneficiaries is 3.2%. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits, while spouses would get an.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi). Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.