Social Security Cola 2024 Forecast Usa

Social Security Cola 2024 Forecast Usa. There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024. Here’s how the average benefit paid to different groups would change in 2024, according to social.