2024 Cola Prediction Social Security Benefits

2024 Cola Prediction Social Security Benefits. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Still, the amount benefits increase by every year is not set in stone.

Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year. That equates to an average monthly rise of.