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Social Security Cost Of Living Increase 2024 Update
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Social Security Cost Of Living Increase 2024 Update. We will announce the next cola in october 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.
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