2024 Social Security Increase Cola Increase

2024 Social Security Increase Cola Increase. Social security benefits increased 3.2% in january 2024. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.


2024 Social Security Increase Cola Increase

Experts predict a smaller cola for 2025. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ€” from $1,848 to $1,907.

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