Forecast For Ssi Cola Increase 2024

Forecast For Ssi Cola Increase 2024. But it’s still below the 3.2% increase afforded to social security recipients in 2024, and nowhere near the 8.7% and 5.9% increases for 2023 and 2022’s recipients,. The senior citizens league predicts a 2025 cola of just above 2.6%.

That’s less than half of the previous year’s cola increase. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.