Cola 2024 Update. Social security benefits will increase by 3.2 percent beginning with the december 2023. View the 2024 cola percentages by retirement date and plan.
Historically speaking, that’s actually not so low for a cola. Update as of august 9, 2023:
We Will Announce The Next Cola In October 2024.
View the 2024 cola percentages by retirement date and plan.
When Will I Receive The 2024 Cola?
Leoff plan 1 colas take effect april 1 and start with april 30.
Social Security Benefits Will Increase By 3.2 Percent Beginning With The December 2023.
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When Will I Receive The 2024 Cola?
The cola estimate could change again because there are still three more months of inflation data to come before the final 2024 cola is announced in october.
Update As Of August 9, 2023:
While this represents a significant boost in social security.