Cola Increase 2024 Projections

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Cola Increase 2024 Projections. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase.


Cola Increase 2024 Projections

The cola in 2022 was a 5.9% increase, and it was 8.7% last year. At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range.

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