Social Security 2024 Cola Increase Projection

Social Security 2024 Cola Increase Projection.  — social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.  — a 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

Inflation is high but slowing down, which means social security recipients will see a lower cola next.  — despite easing inflation, next year’s social security cost of living adjustment (cola) inched up to 3% from 2.7% last month.