Social Security Cola 2024 Estimate Increase And Decrease

Social Security Cola 2024 Estimate Increase And Decrease. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. That adds about $50 monthly to the average retirement benefit consumers.

That adds about $50 monthly to the average retirement benefit consumers. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years.