Cola Increase 2024 Prediction. Revenue totaled $12.4 billion in the latest quarter (the fiscal second quarter of 2024, ended june 28), which represented a modest 24% increase compared to five. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).
Since the federal reserve appears to have made progress on the inflation. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.
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