What Is The New Cola Increase For 2024. This is an automatic update and you don’t need to do anything to. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
In 2022, 2023, and 2024, social security’s colas respectively came in at 5.9%, 8.7%, and 3.2%. A cola changes benefits based on changes in consumer prices.
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