Cost Of Living 2024 Social Security Forecast. 12, when the september inflation numbers come out. The senior citizens league increased its cola.

It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to. The social security administration’s cost of living adjustment, or cola, is based on inflation data from the consumer price index.