Abbie Karoline

Ss Cost Of Living Increase 2024 Chart. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that necessitated last. Here's how you can calculate your increase.

Since 1975, social security’s general benefit increases have been based on increases in the cost of living, as measured by the consumer price index. The social security administration announced an 3.2% cola increase for 2024.