Social Security % Increase 2024. The percentage change is the cola for the following year, typically announced in october. No matter what 2024's social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise down.
More than 66 million retirement beneficiaries will see the 3.2% cola beginning in january 2024, the ssa said in a press release, and about 7.5 million supplemental security. Social security benefits are typically paid monthly to seniors during retirement as well as to.
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