Social Security Cola 2024 Forecast. But 2024's cola is shaping up. — 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 comes to fruition would raise an average.
— a 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. The senior citizens league increased its cola forecast.
