Cost Of Living Increase 2024 Estimate. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Bureau of labor statistics (bls), consumer prices rose 3.2 percent from february 2023 to february 2024, with the cost of food specifically increasing 2.2.
Itโs not going to approach 2023โs historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it. This is down from the.
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