Cola Increase 2024 Forecast

Cola Increase 2024 Forecast. A cola of 3.0% would raise the current average monthly benefit of $1,787.00 by about $53.60, according to the senior citizens league. Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming.


Cola Increase 2024 Forecast

But at this point, itโ€™s fair to use that number as an. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

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