When will the increase in Social Security benefits be officially announced?
The Social Security Administration (SSA) announces the annual cost-of-living adjustment (COLA) for Social Security and SSI payments in October, with predictions suggesting a potential 3% increase for 2024 based on the consumer price index data.
![](https://img.asmedia.epimg.net/resizer/FA7-fMf5ccTzQPmDUMucRF04Gk4=/644x362/filters:focal(568x337:578x347)/cloudfront-eu-central-1.images.arcpublishing.com/diarioas/DOUINVE3CJKKTILNKQ44HP7STQ.jpg)