Cola Increase 2024 Social Security

Cola Increase 2024 Social Security. Beginning in january, benefits will increase by 3.2%, or roughly $58 a month for the average retiree. Social security benefits are on pace for a 3% cola in 2024.


Cola Increase 2024 Social Security

While the increase lags 2022โ€™s 8.7% cola, it provides a raise that paces inflation without draining the social security trust funds. In 2024, the annual increase to social security benefits (cola) will be 3.2%.

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