Social Security Cola 2024 Prediction. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's. That was the highest annual increase since 1981.
Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. According to a new analysis published by alicia munnell, director of the center for retirement research at boston college, retirees should expect a 2024 cola.
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