Cola For 2024 Social Security Forecasting. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years. We will mail cola notices throughout the month of december to retirement, survivors, and disability beneficiaries, ssi recipients, and representative payees.
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. According to a new analysis published by alicia munnell, director of the center for retirement research at boston college, retirees should expect a 2024 cola between 3.0% and 3.8%.