2024 Projected Ss Cola. W e will not know if there will be a cola for 2025, or the amount of the cola, until late october when the department of labor releases information on inflation. What is the projected cola for 2024?
We will announce the next cola in october 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.
An Estimated Decrease To 2.6% From 3.2% (This Year’s Cola) Is Forecasted For 2025, Though The Cola Will Be Finalized After The Third Quarter.
Social security recipients may see it shrink more.
There’s A Chance The 2024 Cola Could Drop Below 3% If The September Inflation Rate Is Especially Low.
Javier zayas photography / getty images.
The Range Of Estimates Is In Line With The 3.3% Cola Projected By The Social Security Actuaries In.
Images References :
Benefit Tables Where Special Eligibility Rules Apply.
The awi is used to index an individual's earnings through age 60 in the benefit calculation formula,.
W E Will Not Know If There Will Be A Cola For 2025, Or The Amount Of The Cola, Until Late October When The Department Of Labor Releases Information On Inflation.
That figure could change once inflation data comes in for september.
Increased Payments To Approximately 7.5 Million Ssi Recipients Will Begin On December 29, 2023.