Cola 2024 Prediction Factors

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Cola 2024 Prediction Factors. Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming. These estimates are derived from the intermediate assumptions in the 2024 trustees report.


Cola 2024 Prediction Factors

A cola of 3.2% would raise the average monthly retiree benefit by about $59. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).

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