Social Security COLA Is Forecast Around 3% Analysts say the 2024 adjustment, which helps older Americans keep up with inflation, won’t be nearly as high as this year’s but will still be significant.
Social Security’s Cost-of-Living Increase Will Be Largest in Four Decades, an Estimate Says Retirees will learn the amount of the increase for 2023 in October, and the current estimate is that it will be 8.7%.