Social Security Cola 2024 Increase Percentage Of Income

Social Security Cola 2024 Increase Percentage Of Income. The cola increase raises social security payments by 3.2%. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.

This adjustment will affect social security retirement, disability, and ssi payments. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.