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Social Security Cola 2024 Benefits Cola. The social security administration cannot finalize the 2024 cola without september inflation data, which is. The 2.5% cola increase will boost the average social security payment by about $50 starting in january, the agency said on.
Social security benefits have lost 20% of their buying power since 2010, according to the league. 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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