2024 Social Security Cola Increase Disability Rate

2024 Social Security Cola Increase Disability Rate. According to the social security administration (ssa), the 2024 cola will increase the average monthly ssdi benefit for a disabled worker by $48, from $1,489 to $1,537, starting in january. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Thus, an individual with wages equal to or larger than $168,600. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.