Cola Increase 2024 Forecast Usa. Since the federal reserve appears to have made progress on the inflation. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.
At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range. 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.