Cola For August 2024. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up. This estimate is consistent with projections by independent social security and medicare policy analyst mary johnson, who also forecasts that the 2025 social security cola.
Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming now versus waiting. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up.
