2024 Ssa Cola Forecast. That's already enough to generate a 0.6% cola in 2024 even if there's no further inflation at all over the next six. Social security cola forecasts calling for a 3% raise may be overly optimistic.
Story continues social security benefits are on. In fact, that happened after the 8.7% cola in 2023.
What A 3.2% Cola Means For Social Security Beneficiaries
What it means to you tracking.
Benefits Got An 8.7% Cola Last Year And A 3.2% Cola This Year, Both Above.
The senior citizens league (tscl) recently estimated the 2024 cola will be 3.2%, or an extra $57.30 per month for the average retiree.
That's Already Enough To Generate A 0.6% Cola In 2024 Even If There's No Further Inflation At All Over The Next Six.
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That Figure Could Change Once Inflation Data Comes In For September.
The 2025 cola estimate was 1.75% in january, and 2.4% in february.
What A 3.2% Cola Means For Social Security Beneficiaries
It may not be at that level in july, august, or september, which are the months the ssa uses to calculate the cola, so right now i would expect the 2024 cola to end up in the 3%.
There's A Chance 2024'S Cola Will End Up A Bit Higher Or Lower Than 3.2%, Depending On How Things Shake Out In September.
