Forecast For Ssi Cola Increase 2024

Forecast For Ssi Cola Increase 2024. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits, while spouses would get an additional $26.79, survivors would get $43.56. That’s less than half of the previous year’s cola increase.

That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by about $146. This adjustment will affect social security retirement, disability, and ssi payments.