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Ss Cola 2024 Increase Announcement

Ss Cola 2024 Increase Announcement. Social security benefits will increase by 3.2 percent beginning with the december 2023. The awi is used to index an individual's earnings through age 60 in the benefit calculation formula, and the cola is used to increase benefits annually.


Ss Cola 2024 Increase Announcement

The social security administration announced an 3.2% cola increase for 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

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