2024 Cola Increase For Social Security In India

2024 Cola Increase For Social Security In India. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's. 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.

The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that necessitated last year’s 8.7%. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.