Social Security Cola 2024 Effective Date And Time

Social Security Cola 2024 Effective Date And Time. Some experts predict the cola for the following year before it is officially announced. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual.