What Is The Anticipated Cola For 2024. The estimated increase sits at around 2.7% to 3%, yet this figure could change. Based on recent inflation data, experts are currently predicting a 3.2% cola for 2024.
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. Following the cola of 2023, the amount would have gone up by an estimated $92 to be $1,151.
The Social Security Cola For 2024 Is Projected To Be 3% — And Likely Less — Says Mary Johnson, A Social Security Policy Analyst At The Senior Citizens League.
Now that inflation has mostly cooled off, the cola for 2024 is 3.2%.
The Next Cola Will Be Announced Thursday And Be.
The estimated increase sits at around 2.7% to 3%, yet this figure could change.
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.
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A 3.2% Cola Would Mean About An Extra $54.50 Each Month.
The higher cola adjustment was the third this year after the reacceleration of inflation each month in 2024.
July And August Inflation Reports Suggest Next Year’s Boost Likely To Be Around 3%,.
That figure could change once inflation data comes in for september.
Based On Recent Inflation Data, Experts Are Currently Predicting A 3.2% Cola For 2024.