Ss Cost Of Living Increase 2024. The june 2024 consumer price index report shows a decrease in average prices. Starting in january, the average monthly social security retirement benefit will rise by $59, from approximately $1,848 to $1,907, according to the ssa.
Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The latest cola is 3.2 percent for social security benefits and ssi payments.
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