Social Security Cola Increase 2024 Forecast

Social Security Cola Increase 2024 Forecast. That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by. That's because colas are based on third quarter inflation data, so we'll.

The social security administration won’t be able to officially announce a 2024 cola until october. Inflation is high but slowing down, which means social security recipients will see a lower cola.