2024 Cola Increase For Social Security 2024
2024 Cola Increase For Social Security 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. That’s less than half of the previous year’s cola increase.
There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. The social security administration announced its annual cost of living adjustment for 2024.
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