Cola Increase 2024 Forecast Pdf. The reduction in the cola estimate reflects the current easing of inflationary pressures, which, while beneficial for the overall economy, results in a lower adjustment for social security beneficiaries. If the current projection holds, it would be the smallest cola increase since 2020, when the cola was 1.3%.

 — this forecast is a slight drop from the july estimate of 2.7% and a notable decrease from the 3.2% increase granted for 2024.  — 2025 cola estimate dips with inflation, but high daily expenses still burn seniors.