Social Security Cola 2024 Prediction 2024. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Assuming there are no major fluctuations in inflation in september, the 2024 social security cola will likely be in the 3% range.
Despite easing inflation, next year’s social security cost of living adjustment (cola) inched up to 3% from 2.7% last month. Assuming there are no major fluctuations in inflation in september, the 2024 social security cola will likely be in the 3% range.