What Is The Cola Increase For 2024. That's because inflation has been falling over the past several months. Lawmakers take aim at credit card debt, interest rates, fees.

Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. The social security 2024 cola increase takes effect in january 2024 and translates to an average increase of $59 per month for people receiving social security.