Current 2024 Cola Estimate. Social security recipients finally have something to cheer: Tscl notes that it will issue its final estimate of the 2024 cola on sept.
2024 social security cola set at 3.2%. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
As Previously Reported By Gobankingrates, A 3.0% Cola Would Represent A Big Drop From This Year’s Cola Of 8.7% — The Highest Since The Early 1980S.
That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by about $146.
Tscl Notes That It Will Issue Its Final Estimate Of The 2024 Cola On Sept.
The latest cola is 3.2 percent for social security benefits and ssi payments.
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The Average Beneficiary Will See A $54 Increase In Their Benefit Amount.
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In 2023, It Was 8.7%.
That would be substantially lower than the record 8.7% cola for social security.