Cola 2024 Estimate
June 23, 2024 5:45 pm. A chart of the 2024 cola figures can be found here.
The new cola estimate may disappoint seniors. A cola changes benefits based on changes in consumer prices.
In 2023, It Was 8.7%.
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.
Increased Payments To Approximately 7.5 Million Ssi Recipients Will Begin On December 29, 2023.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
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Increased Payments To Approximately 7.5 Million Ssi Recipients Will Begin On December 29, 2023.
We will announce the next cola in october 2024.
Estimates Under The 2024 Trustees Report.
How much is the increase: