Projected 2024 Social Security Cola Increase Schedule

Projected 2024 Social Security Cola Increase Schedule. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. How much will the 2024 cola increase social security?

Here’s the inflation breakdown for september 2023 — in one chart. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.