2024 Social Security Cola Increase Date Extended

2024 Social Security Cola Increase Date Extended. The social security administration announced that it’s raising benefits to recipients by 3.2 percent in 2024. As inflation subsides, social security beneficiaries are poised to see a lower benefit increase next year.

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. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5% in 2025, the social security administration announced today.