Current Cola Projections For 2024. 2024 cost of living adjustments (cola) social security. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

The deficit for 2024 is $0.1 trillion (or 4 percent) smaller in cbo’s current projections than it was in the agency’s may 2023 projections, and the. Latest cola the latest cola is 2.5 percent for social security benefits and ssi payments.