Cola Price Increase 2024

Cola Price Increase 2024. In 2022, 2023, and 2024, social security's colas respectively came in at 5.9%, 8.7%, and 3.2%. Now that inflation has mostly cooled off, the cola for 2024 is 3.2%.


Cola Price Increase 2024

Ssa calculates the percent change. Lastly, alabama also has a 3.6% annual inflation rate, which could mean that a low cola increase makes it hard for some seniors to keep up with rising.

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