Latest Social Security 2024 Cola Estimate

Latest Social Security 2024 Cola Estimate. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The new cola will go into effect in january for most social security recipients, with the notable exception of supplemental.

According to the 2024 social security trustees report, the intermediate case calls for a 2.6% cola for this year (the increase that will start with january 2025 payments). This is the same as last month’s prediction.