Social Security 2024 Cola Estimate

Social Security 2024 Cola Estimate. The latest estimate from advocacy group senior citizens league predicts that social security recipients will get a 2.7% raise in 2024, the lowest increase in three years. The senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%.

How much is the increase: A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.