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Social Security update: COLA forecast for 2024 shrinks to under 3% in latest prediction

By Misty Severi
Published June 13, 2023 5:38pm ET
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Social Security update: COLA forecast for 2024 shrinks to under 3% in latest prediction
The latest forecast for the Social Security Administration’s annual cost of living adjustment, or COLA, has put the 2024 projection at less than 3% based on the May 2023 consumer price index report, released Tuesday. The COLA increase, which is based on the consumer price index for urban wage earners and clerical workers, could be […]

The latest forecast for the Social Security Administration’s annual cost of living adjustment, or COLA, has put the 2024 projection at less than 3% based on the May 2023 consumer price index report, released Tuesday.

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Consumers Inflation Social Security Social Security Administration