Social Security November 2024 Cola Increase News. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. For social security beneficiaries enrolled in medicare, the 2025 benefit amount will be available via my social security's message center starting in late november.
Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
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