Projected 2024 Social Security Cola Increase 2024. How much will my social security payment be with the 2024 cola increase? In their 2024 annual report, issued in may, medicare’s trustees estimated the standard part b premium paid by most enrollees would increase from the current $174.70 a month to $185 next year, effectively lessening the cola increase by $10.30 a month for affected social security recipients.
While social security payouts get larger each year thanks to the cola, a recent survey by tscl found 55% of retirees have more than $2,000 in monthly expenses, well above the average monthly. The latest cola is 3.2 percent for social security benefits and ssi payments.
Projected 2024 Social Security Cola Increase 2024 Images References :