Social Security Cola 2024 Prediction. โ thereโs a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. That was the highest annual increase since 1981.
โ there’s a chance 2024’s cola will end up a bit higher or lower than 3.2%, depending on how things shake out in september. โ the social security cola for 2023 was 8.7%.