Social Security Cola 2024 Forecast

Social Security Cola 2024 Forecast. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Here’s how the average benefit paid to different groups would change in 2024, according to social.

These estimates are derived from the intermediate assumptions in the 2024 trustees report. The social security cola for 2023 was 8.7%.