Social Security Cola 2024 Prediction Chart. Retirees on social security receive an increase of their social security benefits each year known as the cost of living adjustment or cola. The cola was 3.2% in 2024.
The social security administration cannot finalize the 2024 cola without september inflation data, which is scheduled for release on. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
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