Social Security Increase 2024 Cola Zero

Social Security Increase 2024 Cola Zero. For retirees, the absence of a cola means their purchasing power may diminish if inflation rises unexpectedly in 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%.

The cola is designed to help the payouts. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.