Social Security Cola 2024 Prediction July

Social Security Cola 2024 Prediction July. Social security administration (ssa) bases its cola each year on average annual increases in the consumer price index for urban wage earners and clerical. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase.

Ssa calculates the percent change between average prices in the. The senior citizens league, for instance, estimates the cola could be.