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, it’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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