2024 Cost Of Living Increase Estimated

2024 Cost Of Living Increase Estimated. Discover how expenses vary across the united states and find insights to manage your finances better. The rate varies each year.

A cost of living adjustment (cola) is a change in monthly social security benefits that accounts for inflation. The 2024 cola will likely be 3.2%, according to the latest and likely final estimate from the senior citizens league (tscl), a nonpartisan seniors advocacy group.