Expected Social Security Cola For 2024

Expected Social Security Cola For 2024. Beginning in january 2024, checks reflecting those increases were. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

This estimate is consistent with projections by independent social security and medicare policy analyst mary johnson, who also forecasts that the 2025 social. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.