Social Security Administration 2024 Cola Increase

Social Security Administration 2024 Cola Increase. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. When the increase takes effect:

The latest cola is 2.5 percent for social security benefits and ssi payments. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.