2024 Cola Increase Estimated Date

2024 Cola Increase Estimated Date. Social security cola increase for 2024 the social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more. Here's how much more money you will start getting in january.

That’s a huge drop from this year’s 8.7% cola , which pushed the average. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.