2024 Ssa Cola Increase Update . The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).
Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. Social security benefits increased 3.2% in january 2024.
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