2024 Cost Of Living Increase Va Benefits. The 2024 cola for social security rose 3.2% for most recipients starting january 2024, with a maximum social security taxable wage of $168,600.¹. Administrators need about $2.9 billion approved for fiscal 2024 operations and about $12 billion more for fiscal 2025 accounts because of a surge in benefits payouts.


2024 Cost Of Living Increase Va Benefits

This adjustment aims to keep pace with inflation and ensure that veterans’ benefits remain sufficient to cover their living expenses. Starting in january, veterans will see a 3.2% increase in their monthly va benefits for 2024.

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