Matti Shelley

Cola 2024 Rate. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation. This is significantly lower than the 2023 adjustment of 8.7%.

The average monthly payout for a retired worker is now $1,907. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.