Social Security Cola 2024 Prediction Chart

Social Security Cola 2024 Prediction Chart. Each year, the social security administration adjusts the payment rate for beneficiaries to account for inflation, known as the cola.  — as inflation subsides, social security beneficiaries are poised to see a lower benefit increase next year.

 — a cola of 3% — much less than this year’s 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70. How much is the increase: