Social Security Increase 2024 Update
Updated thu, jan 18 2024. Federal ssi payment levels will also increase by 3.2 percent effective for payments made for january 2024.
The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. The social security cost of living adjustment, or cola, for 2025 is likely to be 3%, based on the latest consumer price index data, released wednesday.