Cola 2024 Prediction Social Security

Cola 2024 Prediction Social Security. Since the federal reserve appears to have made progress on the inflation front this year, projections. There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low.

Inflation is high but slowing down, which means social security recipients will see a lower cola next year. That’s because colas are based on third quarter inflation data, so we’ll need to wait.