Cola 2024 Prediction Social Security Rate. At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range. There was a 2.9% increase in july, the labor department reported wednesday that the august figure rose at an annual rate of 2.5%, although the inflation.
That equates to an average monthly rise of. The latest forecast for next yearโs social security increase rose to 3.2% last month.