What Is The Forecasted Cola Increase For 2024. 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. The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august.
That was the highest annual increase since 1981. The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august.