2024 Social Security Cola Increase Date November

2024 Social Security Cola Increase Date November. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. The cola affects retirement benefits, disability benefits, and supplemental security income (ssi).

In addition to a 2024 cola announcement, the ssa will put out a fact sheet. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.