Ss Cost Of Living Increase 2024 Increase

Ss Cost Of Living Increase 2024 Increase. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5% in 2025, the social security administration announced today.

Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. Despite easing inflation, next year’s social security cost of living adjustment (cola) inched up to 3% from 2.7% last month.