Social Security Cola Increase 2024 Forecast. A cola of 3.2% would raise the average monthly retiree benefit by about $59. That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it.
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