Social Security Cola 2024 Benefits Chart

Social Security Cola 2024 Benefits Chart. Here’s the inflation breakdown for september 2023 — in one chart. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024. To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth.