2024 Cost Of Living Adjustment Cola
2024 Cost Of Living Adjustment Cola. In 2023, the social security administration announced that the cola for 2024 benefits would increase by 3.2 percent, following an 8.7 percent rise the year. Beginning in january 2024, checks reflecting those increases were sent to the.
In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Especially on the heels of last yearโs 8.7% cola increase, which followed a 5.9% bump the previous year, this yearโs 3.2% cola, which becomes effective in 2024,.