Social Security 2024 Cola Increase Projection

Social Security 2024 Cola Increase Projection. The social security cola for 2023 was 8.7%. That was the highest annual increase since 1981.


Social Security 2024 Cola Increase Projection

Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. Social security administration (ssa) bases its cola each year on average annual increases in the consumer price index for urban wage earners and clerical.

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