Tag: 3.2%

Yield sign on a road with fall foliage that says Social Security COLA increase ahead

Social Security’s 3.2% COLA Reflects Cooling Inflation

MarketWatch Blog by Alicia H. Munnell

October 18, 2023

With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will be 3.2 percent (see Figure 1). The adjustment is based on the increase in the CPI-W for the third quarter of 2023 over the third quarter of 2022. Some bemoan that this year’s COLA is…

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