Cost Of Living 2024 Social Security Increase

Cost Of Living 2024 Social Security Increase. In june 2024, the average retired worker received $1,918 from social security. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.


Cost Of Living 2024 Social Security Increase

An increase of $10.30 from $174.70 in 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

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