Social Security Cola 2024 Estimate Date. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. Using august inflation data, the senior citizens league has estimated the annual raise for social security recipients will be 3.2% for 2024.
You can access your cola notice online or by mail in december, and learn more. Learn how the social security administration determines the annual cost of living adjustment (cola) based on the consumer price index for urban wage earners and clerical.
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