Cola 2024 Increase Announcement As Of Today
Cola 2024 Increase Announcement As Of Today. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. That adds about $50 monthly to the average retirement benefit consumers.
A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. There were about 67 million beneficiaries at the end of the calendar year.