Social Security 2024 Cost Of Living Increase 2024

Social Security 2024 Cost Of Living Increase 2024. The social security administration announced its annual cost of living adjustment for 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Annual increase to social security checks intended to keep pace with inflation.