Cola Increase 2024 Ssi. The new cola will go into effect in january for most social security recipients, with the notable exception of supplemental. That adds about $50 monthly to the average.


Cola Increase 2024 Ssi

A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month. How much is the increase:

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