Cost Of Living 2024 Social Security Forecast

Cost Of Living 2024 Social Security Forecast. Despite easing inflation, next year's social security cost of living adjustment (cola) inched up to 3% from 2.7% last month. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

Many retired workers have lost confidence in their ability to keep pace with. The nation’s 72 million social security recipients are just days away from getting a boost to their monthly benefits.