Social Security Benefits Cola 2024 Estimate

Social Security Benefits Cola 2024 Estimate. Based on the latest consumer price data released aug. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it.

How much will benefits increase next year? More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.