2024 Cost Of Living Increase Social Security Increase

2024 Cost Of Living Increase Social Security Increase. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. The cola was 3.2 percent in 2024.

It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.