Cola 2024 Prediction Algorithm

Cola 2024 Prediction Algorithm. Social security benefits increased 3.2% in january 2024. If the retirement annuity did.

Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming. Last year, federal retirees received one of their most significant “raises” in several decades with the annual cola coming in at 8.7%.