Tag: Cost-of-Living Adjustment Boosts

Cost-of-Living Adjustment Boosts Social Security and SSI Payments, Unveiling 3.2% Increase in December

Dec 18, 2023

—

by

Roselyn Sarita

in Finance, US News

If you are a recipient of Supplemental Security Income (SSI), you likely noticed an extra deposit in your account on December 1st, in addition to your regular December check. This bonus payment includes the much-anticipated 2024 cost-of-living adjustment (COLA), a substantial 3.2% increase from your current benefit amount However, if you are receiving Social Security…