2024 Cola Percentage. How much is the increase: Post (cost of living) allowance (dssr 220) percentage of spendable income.
The 2024 cola percentage is determined by the annual rate of inflation measured by the consumer price index (cpi), which was 4.12% for 2023. In 2023, it was 8.7%.
That’s A Huge Drop From This Year’s 8.7% Cola, Which Pushed The Average Monthly Check Up By About $146.
The range of estimates is in line with the 3.3% cola projected by the social security actuaries in the 2023 trustees report and well below last year's cola of 8.7%.
The Senior Citizens League, For Instance, Had Estimated The Cola Could Be.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
We Will Announce The Next Cola In October 2024.
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The Cola For 2022 Was 5.9%.
That would add about $57 to.
In 2023, It Was 8.7%.
That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by about $146.
Post (Cost Of Living) Allowance (Dssr 220) Percentage Of Spendable Income.