Rodi Vivian

Cola Increase 2024 Projections Meaning. This is an average increase of $55 per month and an average annual increase of. Social security beneficiaries are getting a raise, and the cola (cost of living adjustment) for 2024 is.

The cola was 8.7% in 2023, which was the largest in 40 years. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.