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Social Security Cola Increase 2024 Reddit. And while the hike in. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual cost.

Now that the cola increase for 2024 has been signed by the president and expected to tie in with ssa cola increase, the number below is the estimated bump we’ll get. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023’s 8.7% increase.