2024 Cola Increase For Value

2024 Cola Increase For Value. The cola is just 3.2% for 2024. To calculate your cola increase for 2024, determine the percentage increase in consumer price index.

While the 2024 cola is far lower than last year’s 8.7% increase, it’s still higher than average thanks to stubborn inflation. The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients saw.