Estimated 2024 Cola. In 2023, it was 8.7%. The average beneficiary will see a $54 increase in their benefit amount.
Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. A 3.2% increase is expected after this year’s 8.7%.
Social Security 2024 Cola Is Due Out Tomorrow.
“social security and ssi benefits will increase in.
The 2024 Cola Percentage Is Determined By The Annual Rate Of Inflation Measured By The Consumer Price Index (Cpi), Which Was 4.12% For 2023.
That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by about $146.
In 2024, The Cola Increase For Social Security Beneficiaries Is 3.2%.
Images References :
How Much Is The Increase:
The cola for 2022 was 5.9%.
Increased Payments To Approximately 7.5 Million Ssi Recipients Will Begin On December 29, 2023.
As of march 2024, the trend toward a 2025 cola is:
This Year’s 4.12% Inflation Rate.