Cola 2024 Prediction Factors. — based on the latest inflation numbers, the senior citizens league now predicts the 2024 cola for social security benefits could be 3.1%. 2024's increase would be less than half of 2023's 8.7% jump,.
The senior citizens league predicts it will be 2.63%. — a resurgence of inflation could still drive a higher 2024 cola, while a recession and economic weakness could reduce it.