Social Security Cola 2024 Announcement

Social Security Cola 2024 Announcement. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. That adds about $50 monthly to the average retirement benefit consumers.

More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security administration announced on. On average, social security retirement benefits will increase by more than $50 per month starting in.