Social Security Cola 2024 Forecast

Social Security Cola 2024 Forecast. Inflation is high but slowing down, which means social security recipients will.  — social security benefits change each year in line with the cola, which reflects the inflation of the previous year.

 — a 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.  — a cola of 3% for 2024 would raise an average monthly benefit of $1,789 by $ 53.70—well down from this year’s average increase of $146 a month after this year’s.