Social Security Cola 2024 Increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.
In 2024, the annual increase to social security benefits (cola) will be 3.2%. That equates to an average monthly rise of about $55 for all.
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