2024 Us Ssdi Cola Increase Prediction

2024 Us Ssdi Cola Increase Prediction. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low.

There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.