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Cost Of Living Increase 2024 Social Security. Lastly, alabama also has a 3.6% annual inflation rate, which could mean that a low cola increase makes it hard for some seniors to keep up with rising. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
The latest cola is 3.2 percent for social security benefits and ssi payments. How much is the increase:
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Category: 2024