October 11, 2024

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2024 Social Security Increase Cola Increase Date

2024 Social Security Increase Cola Increase 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. This adjustment will affect social security retirement, disability, and ssi payments.


2024 Social Security Increase Cola Increase Date

The estimated average monthly social security benefit payable in january 2025 will now be $1,976 after the 2.5% cola, up from $1,927 for 2024. On average, social security retirement benefits will increase by more.

2024 Social Security Increase Cola Increase Date Images References :