2024 Us Ssdi Cola Increase Prediction

2024 Us Ssdi Cola Increase Prediction. The forecast for next year’s social security. 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.

The 8.7% cola in 2023 marked the largest percentage increase in 41 years. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.