Social Security November 2024 Cola Increase

Social Security November 2024 Cola Increase. The social security administration says that will raise average monthly payments by more than $50. Increased payments to nearly 7.5 million people.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. Nearly 68 million social security beneficiaries will see a 2.5% cola beginning in january 2025.