Social Security Increase 2024 Estimate News. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries. Forecasts say it may be stingier in 2024.
Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.