2024 Social Security Cola Projection. In 2024, the cola was 3.2%, increasing the. It’s crucial for retirees to understand and keep track of changes to their social security.
Now that inflation has mostly cooled off, the cola for 2024 is 3.2%. Social security cola 2024 estimates rose in an unexpected twist.
Social Security 2024 Cola Is Due Out Tomorrow.
How much is the increase:
The Social Security Cola For 2023 Was 8.7%.
Because of last year’s soaring inflation rate, the 2023 cola is 8.7% — the highest in more than 40 years.
Now That Inflation Has Mostly Cooled Off, The Cola For 2024 Is 3.2%.
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That Forecast Is By Mary Johnson, An Independent Social.
Social security 2024 cola is due out tomorrow.
That’s The Case Right Now.
But that was little comfort to seniors, many of whom.
A 3 Percent Adjustment Would Boost The Average Social Security Retirement Benefit — $1,839 A Month In July 2023 — By About $55 A Month In 2024.