Cola For 2024 Projection

Cola For 2024 Projection.  — the average of this year’s july and august figures (300.725) would yield a 3.0% cola increase when compared with last year’s base (291.901). Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

This is significantly lower than the 2023 adjustment of 8.7%. The senior citizens league increased its cola forecast for.