Cola Fact Sheet 2024 Ssa.Gov

Cola Fact Sheet 2024 Ssa.Gov. By law, federal benefits increase when the cost of living rises, as measured by the department of labor’s consumer price. The cola is based on the increase in the.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.