Cherri Consolata

2024 Cost Of Living Increase Percentage Increase. The 3.2% 2024 cola will begin with benefits payable to more than 66 million social security beneficiaries in january 2024. Increased payments to approximately 7.5 million.

A cola changes benefits based on changes in consumer prices. To determine the right wage increase for your business in 2024, consider factors like your company’s revenue to determine the feasible raise for your employees.