Social Security Cola 2024 Benefits For Seniors
Social Security Cola 2024 Benefits For Seniors. The social security cola for 2023 was 8.7%. The latest cola is 3.2 percent for social security benefits and ssi payments.
The cola adjustment for social security benefits and supplemental security income (ssi) aims to help retirees keep up with increasing living expenses. A 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024.