Cost Of Living 2024 Increase. That would be substantially lower than the record 8.7% cola for social security beneficiaries. The reason for that seemingly stingy cola is that inflation cooled nicely in 2024, whereas in previous years, it was higher.
As consumers cope with lingering inflation, cbs news is tracking the change in prices of everyday household expenses โ from. Cost of living adjustments (cola) are increases designed to offset inflation.
