Social Security Cola 2024 Forecast
Social Security Cola 2024 Forecast. The social security 2025 cola forecast was recently revised downward. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.
The new cola forecasts come two months after a report from the social security and medicare board of trustees said that the social security trust fund will be. The social security administration won’t be able to officially announce a 2024 cola until october.