Cola Increase Projections For 2024 And Beyond

Cola Increase Projections For 2024 And Beyond. Retirees should brace for potential lower increases, anticipate healthcare. According to the 2024 social security trustees report, the intermediate case calls for a 2.6% cola for this year (the increase that will start with january 2025.

Debt held by the public: A cola boost of 3.2% would amount to a little more than $57 extra each month for someone who is receiving $1,790 a month, the average social security monthly retiree.