Social Security Cola Increase 2024 Forecast . These estimates are derived from the intermediate assumptions in the 2024 trustees report. The latest forecast for next year’s social security increase rose to 3.2% last month.
The social security administration says that will raise average monthly payments by more than $50. Based on the latest inflation numbers, the senior citizens league now predicts the 2024 cola for social security benefits could be 3.1%.
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