2024 Cost Of Living Increase Social Security Eligibility

2024 Cost Of Living Increase Social Security Eligibility. This marks a major shift down from the current year's. The latest cola is 2.5 percent for social security benefits and ssi payments.

Learn how the 3.2% cola for 2024 is calculated, applied, and affects your benefits. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.