2024 Cost Of Living Increase Percentage Change. The cola for 2022 was 5.9%. The estimate is higher than the 2.7% increase for 2024 the group projected last month due to changes in the average monthly rate of inflation, according to mary.
The cola for 2022 was 5.9%. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.