Ssa Cost Of Living Increase 2024
Ssa Cost Of Living Increase 2024. That adds about $50 monthly to the average retirement benefit consumers. The social security administration announced its annual cost of living adjustment for 2024.
Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. Since 1975, social security’s general benefit increases have been based on increases in the cost of living, as measured by the consumer price index.
