Social Security Cola 2024 Increase Percentage In India

Social Security Cola 2024 Increase Percentage In India. Federal ssi payment levels will also. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. You can also crunch the numbers yourself and calculate your new social security benefit by multiplying the percentage increase by your current monthly benefit.