Social Security Cola 2024 Prediction. 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 fruition would raise an average. Alicia munnell, who serves as.

The senior citizens league (tscl), one of the nation’s largest nonpartisan seniors groups, had previously estimated that the 2024 cola would be 3.2% based on. Social security benefits could increase 3.2% in 2024 the social security administration cannot finalize the 2024 cola without september inflation data, which is scheduled for release on oct.