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Social Security Cola Increase 2024 Forecast

Social Security Cola Increase 2024 Forecast. At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.


Social Security Cola Increase 2024 Forecast

The ssa is expected to announce the 2024 social security cola. Despite easing inflation, next year’s social security cost of living adjustment (cola) inched up to 3% from 2.7% last month.

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