Cola 2024 Increase Announcement 2024. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. The increase will be smaller than retirees have received in recent years.
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