Social Security Cola 2024 Forecast November. For instance, in 2023, the cola rate was 8.7%, but the rate dropped in 2024 to the current rate of 3.2%. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual.
Inflation is high but slowing down, which means social security recipients will see a lower cola next year, according to a forecast from the senior citizens league, a nonprofit. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual.
Social Security Cola 2024 Forecast November Images References :