2024 Social Security Cola Increase Update

2024 Social Security Cola Increase Update. The social security administration cannot finalize the 2024 cola without september inflation data, which is. Tscl estimates that if the 2.5% cola is the actual final increase, the average social security recipient will receive an additional $48 a month, bumping the.

How much is the increase: Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.