Social Security 2024 Cola. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual cost. This is significantly lower than the 2023.
Spouses and children who receive retirement or ssdi family benefits could also see their checks increase by 3.2%. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.
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