Cola 2024 Prediction Social Security 2024

Cola 2024 Prediction Social Security 2024. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. In june 2024, the average retired worker received $1,918 from social security.

That’s less than half of the previous year’s cola increase. According to the 2024 social security trustees report, the intermediate case calls for a 2.6% cola for this year (the increase that will start with january 2025.