Cost Of Living 2024 Social Security Forecast. The cola for 2022 was 5.9%. The cola for 2022 was 5.9%.
Forecasts for social security’s 2025. 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 monthly retiree benefit of $1,790 by $57.30.
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