Cost Of Living Increase 2024 Estimate Usa. The us social security administration will be increasing social security benefits by 3.2% in 2024, to reflect rising inflation. We expect that core inflation will decrease to 3.0% in 2024, primarily due to an expected decline in services inflation.

A cola of 3% —. The increase in 2024 was driven partly by higher projected values of assets, especially equities, in the near term, which increased expected capital gains realizations.