Cost-of-Living Adjustment (COLA) Information for 2024

Category:
Author: Sharon Sax
Date: November, 2023

Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024.

The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately 7.5 million SSI recipients will begin on December 29, 2023. (Note: some people receive both Social Security and SSI benefits)

You can read the enitre artice here: https://www.ssa.gov/cola/

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