Current Projected Cola For 2024. But the inflation jump now outpaces seniors' 2024 cola, putting them in the red. Get ready for the rate increase to social security benefits, which will be 3.2% starting in january 2024.
Assuming there are no major fluctuations in inflation in september, the 2024 social security cola will likely be. Based on current estimates as of september 2023, the cola will likely be.
As Previously Reported By Gobankingrates, A 3.0% Cola Would Represent A Big Drop From This Yearโs Cola Of 8.7% โ The Highest Since The Early 1980S.
How much is the increase:
What Will The Social Security Cola Raise Be For 2024?
In 2024, the cola increase for social security beneficiaries is 3.2%.
The 2024 Cola Percentage Is Determined By The Annual Rate Of Inflation Measured By The Consumer Price Index (Cpi), Which Was 4.12% For 2023.
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Understanding The Projected Cola For 2024 Is Key To Planning Your Financial Future.
The 2025 cola estimate rose for a third month, following inflation.
Get Ready For The Rate Increase To Social Security Benefits, Which Will Be 3.2% Starting In January 2024.
Last year, the cola was 8.7%โ the highest in more than 40 years.