Social Security Cola 2024 Prediction 2024. Inflation is high but slowing down, which means social security recipients will see a lower cola next year, according to a forecast from the senior citizens. While social security payouts get larger each year thanks to the cola, a recent survey by tscl found 55% of retirees have more than $2,000 in monthly.

The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. Social security benefits could increase 3.2% in 2024.