Cola Forecast For 2024. Cola is estimated at 3% next year, according to a forecast from the senior citizens league, a nonprofit seniors group. Beginning in january 2024, checks reflecting those increases.
Social security benefits will increase by 3.2 percent beginning with the december 2023. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.