Forecast For Ssi Cola Increase 2024

Forecast For Ssi Cola Increase 2024. If social security increases the cola by 3.2% next year, the average monthly retiree check would increase to $1,790, or $57.30 in additional benefits, the. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

There’s a chance 2024’s cola will end up a bit higher or lower than 3.2%, depending on how things shake out in september. Inflation is high but slowing down, which means social security recipients will.