Ss Cost Of Living Increase 2024 Pdf. Other years like 2023 have seen huge increases by as much as 8.7 percent. — the 2024 cola for social security will rise 3.2% for most recipients beginning in january 2024.² this is still a relatively substantial increase compared to most adjustments from the last decade, but pales in comparison to the 8.7% increase in 2023 and 5.9% increase in 2022.².
The latest estimates put the cola at 2.6%, according. Despite higher colas in recent years—3.2% in 2024, and notable increases of 8.7% and 5.9% in 2023 and 2022, respectively—many seniors continue to struggle with elevated costs for essentials.