2024 Social Security Cola Increase Update Date. 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. Experts predict a smaller cola for 2025.


2024 Social Security Cola Increase Update Date

The cola increase raises social security payments by 3.2%. Increased ssi payments will begin with the december 29, 2023 payment.

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