Cola 2024 Prediction Algorithm

Cola 2024 Prediction Algorithm. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. Experts anticipate 2025’s cola could land between 2.57% and 2.70%, depending on how the consumer price index closes out q3 2024.

Beginning in january 2024, checks reflecting those increases were. The average beneficiary will see a $54 increase in their benefit amount.