2024 Cost Of Living Raise For Social Security

2024 Cost Of Living Raise For Social Security. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.


2024 Cost Of Living Raise For Social Security

A cola of 3.2% would raise the average monthly retiree benefit by about $59. How much is the increase:

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