Cola Increase 2024 Prediction Pdf

Cola Increase 2024 Prediction Pdf. After a significant increase in 2023 due to higher inflation, the 2024 cola is expected to be lower, reflecting more stable inflation rates. This would add about $49 per month to the $1,918 average monthly benefit as of june 2024.

This would add about $49 per month to the $1,918 average monthly benefit as of june 2024. Older adults received a 3.2% bump in their social security checks at the beginning of the year to help recipients keep pace with inflation.