Cost Of Living For Seniors 2024. The declining rate of inflation points to a significantly lower cola for next year, after the 8.7% cola in 2023 โ the highest in four decades. About $10 x 2 = $20.
A cola of 3.2% would raise an average. The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august.