Cola Increase 2024 Inflation

Cola Increase 2024 Inflation. The increase is much lower than the. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase.

A cola of 3.2% would raise an average monthly retiree benefit of $1,790 by $57.30, the organization notes. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.