Cola Increase 2024 Projections 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.
The cola in 2022 was a 5.9% increase, and it was 8.7% last year. For 2024, the cola will be 3.2%, which means that your social security checks and ssi benefits will increase by that percentage.
Cola Increase 2024 Projections 2024 Images References :