Cola 2024 Increase Announcement 2024

Cola 2024 Increase Announcement 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.

Here’s how much more money you will start getting in january. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.