Cola 2024 Increase Announcement Date

Cola 2024 Increase Announcement Date. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month starting.

Don’t expect a substantial cost of living amount (cola) increase in your social security checks in 2025. More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security administration announced on.