Cola 2024 Update. Last year, the cola was 8.7%— the highest in more than 40 years. Now that the final data have been announced on the inflation rate for the third quarter of 2023, we know the 2024 cost of living adjustment (cola) for federal retirees will be 3.2%.


Cola 2024 Update

More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security administration announced on. While demand saw some improvement, adverse weather conditions.

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