Cola 2024 Increase Announcement As Of Today. While the 2024 cola adjusted social security checks based on inflation, not everyone believes the payment update adequately reflects the price hikes seniors are seeing on. It is 3.2%, as had been expected by analysts, meaning government.

 — social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.  — the senior citizens league forecasts a 3% cola for 2024 based on june inflation data, up from 2.7% last month.