Cost Of Living Increase 2024 Estimate
Cost Of Living Increase 2024 Estimate. That estimate aligns with the. A cola changes benefits based on changes in consumer prices.
That estimate aligns with the. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to fruition would raise an average monthly retiree benefit of $1,790 by $57.30.