Social Security Cost Of Living Increase 2024 Update
Social Security Cost Of Living Increase 2024 Update. Social security benefits will increase by 3.2 percent beginning with the december 2023. This adjustment will affect social security retirement, disability, and ssi payments.
The annual cost of living adjustment for social security monthly payments is projected to rise at a significantly smaller pace than the past several years. The roughly 70 million americans who receive social security will see another significant increase to their benefits next year: