Social Security 2024 Cola Increase Update En. The cost of living adjustment (cola) is 100% getting. On average, social security retirement benefits will increase by more than $50 per month starting in january.
Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. In 2024, the annual increase to social security benefits (cola) will be 3.2%.
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