2024 Poverty Guidelines Ohsocial Security Cola 2024 Announcement Date

2024 Poverty Guidelines Ohsocial Security Cola 2024 Announcement Date. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The inflation gauge used by the social security administration (ssa) to set the annual cola rose at a 2.6 percent annual rate for july and 3.4 percent for august — the first.

That was the highest annual increase since 1981. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.