Cost Of Living For Ssa 2024

Cost Of Living For Ssa 2024. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year. Read on to learn how the government arrives at a cola percentage, and how much you should expect your social security checks to increase.

These annual increases are called the cost of living adjustment, or cola. The social security cola for 2023 was 8.7%.