2024 Social Security Cola Increase Announcement Date. The inflation gauge used by the social security administration (ssa) to set the annual cola rose at a 2.6 percent annual rate for july and 3.4 percent for august. The official 2024 social security cola announcement is set for thursday, oct.
The nonprofit senior citizens league has predicted a rise of 2.5%, as. The increase will begin with benefits that social security beneficiaries receive in january 2024.