How Much Will Cola Increase In 2024. The social security administration announced its annual cost of living adjustment for 2024. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits, while spouses would get an.
The social security cola for 2024 is 3.2%. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
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