2024 Social Security Cola Increase . Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating. The social security administration announced its annual cost of living adjustment for 2024.
That adds about $50 monthly to the average retirement benefit consumers. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
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