Social Security Cola 2024 Increase

Social Security Cola 2024 Increase. The latest cola is 3.2 percent for social security benefits and ssi payments. Lawmakers take aim at credit card debt, interest rates, fees.

More than 66 million retirement beneficiaries will see the 3.2% cola beginning in january 2024, the ssa said in a press release, and about 7.5 million. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.