Social Security Cola 2024 Estimated Payment. In january 2024, payments rose by 3.2% over 2023, according. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.


Social Security Cola 2024 Estimated Payment

If you started claiming social security before may 1997 or if get both social security and ssi benefits, you’ll get the new cola in a dec. If the 2025 cola is 2.5%, it would translate to a $48 increase in the monthly benefit payment, bringing the average monthly total to $1,968.

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