Ssa Cost Of Living Increase 2024 Increase
Ssa Cost Of Living Increase 2024 Increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
Since 1975, social security’s general benefit increases have been based on increases in the cost of living, as measured by the consumer price index. That adds about $50 monthly to the average.