Cola 2024 Increase Announcement As Of Today'S . In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming now versus waiting.
Increased payments to approximately 7.5. Beginning in january 2024, checks reflecting those increases were sent to the more than 66.
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