2024 COLA Updates
Every year, prices of just about everything go up. This means that, if you are receiving a benefit of some type from the Social Security Administration (SSA), you will receive an increase at the start of each New Year. The SSA has already calculated what beneficiaries will receive in 2024 and released this in their 2024 update.
On January 1st, 2024, the increase will be 3.2% of whatever the benefit was in 2023.