Social Security Cola 2024 Estimate Increase. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. We will announce the next cola in october 2024.
Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The senior citizens league says medicare part b premiums, which are automatically deducted from social security payments, are also likely to go up due to new costs.
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