Cola Forecast For 2024. Increased payments to approximately 7.5. Based on the latest inflation numbers, the senior citizens league now predicts the 2024 cola for social security benefits could be 3.1%.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Estimates for the social security cola increase in 2024 are now below 3% due to lower inflation, according to the senior citizens league.