Cost Of Living Increase 2024 Estimates. Based on current estimates as of september. Social security recipients will receive a 3.2% cola adjustment in 2024 as determined by the consumer price index (cpi) upward trend.
What is the cost of living increase for 2024? Based on current estimates as of september 2023, the cola will likely be around 3% — well down from this year’s historically high 8.7% adjustment.