Social Security Cola 2024 Adjustment 2024

Social Security Cola 2024 Adjustment 2024. The updated amounts will take effect in december, with recipients seeing the increase in their january payments. Discover the social security administration's announcement of a 3.2% increase in benefits for 2024, with insights into the thought process behind this adjustment.

This is an automatic update and you don’t need to do anything to get it. The aarp estimated that increase at $59 per month.