Social Security 2024 Cola Adjustment

Social Security 2024 Cola Adjustment. The social security administration's cost of living adjustment, or cola, is based on inflation data from the consumer price index. How much is the increase:

Some retirees might be looking at an extra $47 or so a month beginning. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.