Estimated Cost Of Living Increase For 2024

Estimated Cost Of Living Increase For 2024. New government data shows the annual rate of inflation dipped to the lowest level in about two years as of may. Federal ssi payment levels will also increase by 2.5.

Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.