What Will 2024 Social Security Cola Be

What Will 2024 Social Security Cola Be. The social security administration made the calculation and announced the social security cola for 2024. Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.