What Is The Estimated Cola For 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase.
That’s a huge drop from this year’s 8.7% cola , which pushed the average. The senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%.
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