Social Security Cola 2024 Increase. Bigger payments to the almost 7.5 million people on supplemental security income will start coming in on dec. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. How much will my social security payment be with the 2024 cola increase?
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