2024 Cost Of Living Increase Veterans And Their Families

2024 Cost Of Living Increase Veterans And Their Families. Brown’s bill would increase certain va benefits including disability compensation, clothing allowances, and dependency and indemnity compensation for surviving spouses and children to reflect increases in the cost of living. Benefits for 2024 will be 3.2% higher than 2023 benefits.

This adjustment aims to keep pace with inflation and ensure that veterans’ benefits remain sufficient to cover their living expenses. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023.