Social Security Cola 2024 Increase Percentage Difference

Social Security Cola 2024 Increase Percentage Difference. Social security benefits will increase by 2.5 percent beginning with the december 2024. The chart below provides details on the 2024 cola calculation:

The percentage difference is the amount of the cola, which would be payable in social security checks beginning in january 2024. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025.