Social Security Benefits Increase 2024

Social Security Benefits Increase 2024. Under a congressionally set formula, social security beneficiaries will get a 3.2% benefits increase in 2024. Nearly 3 million people could receive a boost in social security payments under legislation set for a final senate vote in the coming days.


Social Security Benefits Increase 2024

Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security. This adjustment will affect social security retirement, disability, and ssi payments.

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