2024 Social Security Cola Forecast 2024. A cola of 3% — much less than this year's 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70. Prices are coming down, so retirees shouldn't expect another.
The latest forecast for next year’s social security increase rose to 3.2% last month. Prices are coming down, so retirees shouldn’t expect another.