Dayle Jorrie

2024 Cost Of Living Social Security Breach. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to. While social security benefits increased by 58% between 2010 and 2024, the price of products and services bought by average retirees leapt 73%, according to the league.

Increased payments to 7.5 million ssi recipients started december 2023. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.