Current Cola Projections For 2024. A cola changes benefits based on changes in consumer prices. A cola of 3.2% would raise the average monthly retiree benefit by about $59.
In 2023, it was 8.7%. The social security cola for 2024 is projected to be 3% — and likely less — says mary johnson, a social security policy analyst at the senior citizens league.
That’s A Huge Drop From This Year’s 8.7% Cola, Which Pushed The Average Monthly.
Retirees should brace for potential lower increases, anticipate healthcare.
The Senior Citizens League Recently Revised Its 2025 Cola Forecast To.
In april, it revised its 2025.
Current Cola Projections For 2024 Images References :
The Latest Cola Is 3.2 Percent For Social Security Benefits And Ssi Payments.
A cola of 3.2% would raise the average monthly retiree benefit by about $59.
Inflation Is High But Slowing Down, Which Means Social Security Recipients Will.
Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming.