Social Security Cola 2024 Announcement Date Usa

Social Security Cola 2024 Announcement Date Usa. If you don’t have an account yet, you must create one by november 14, 2023, to receive the 2024 cola notice online. The cola adjustment for social security benefits and supplemental security income (ssi) aims to help retirees keep up with increasing living expenses.

Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. That adds about $50 monthly to the average.