2024 Social Security Cola Increase. This is an automatic update and you don’t need to do anything to. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
On average, social security retirement benefits will increase by more than $50 per month starting in january. On average, social security retirement benefits will increase by about $50 per month starting in january.
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