2024 Cola Social Security Raise Announcement Date

2024 Cola Social Security Raise Announcement Date. Since the federal reserve appears to have made progress on the inflation. 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 cost.

Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Social security benefits will increase by 2.5 percent beginning with the december 2024.