What Is The Forecasted Cola Increase For 2024

What Is The Forecasted Cola Increase For 2024. Social security recipients are on track to receive the smallest cola increase since the pandemic began. Before the pandemic lockdowns, in.

The social security administration cannot finalize the 2024 cola without september inflation data, which is. A 2.5 percent increase would raise the average social security payment for retired workers from $1,920.48 (as of august 2024) to $1,968.49 in 2025, an increase of $48.01.