Social Security 2024 Cola Fact Sheet. By comparison, over the last three years, retirees. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries.
The cola is based on the increase in the. While not as high as the 8.7% increase last year (which was the highest since 1981) the 3.2% social security cola increase for 2024 should be good news for social.
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