Social Security Cola 2024 Inflation

Social Security Cola 2024 Inflation. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.