Social Security Cola 2024 Adjustment

Social Security Cola 2024 Adjustment. The increase is much lower than the 8.7% cola that was put in place in. The roughly 70 million americans who receive social security will see another significant increase to their benefits next year:

This adjustment is designed to maintain the purchasing power of social security benefits in the face of inflation. The nation’s more than 70 million social security recipients may want to temper their expectations of how much more they’ll be getting in 2025.