Social Security Cola 2024 Update. Social security benefits will increase by 3.2 percent beginning with the december 2023. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries.


Social Security Cola 2024 Update

Social security benefits could increase 3.2% in 2024. The cola increase raises social security payments by 3.2%.

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