2024 Social Security COLA

As of now, based on the CPI-W for December 2022 a 2024 COLA would be 0 %
Don’t panic‼️

That assumes the CPI-W for July, August and September 2023 is no higher than December at 291.051. On the other hand the CPI-W has been declining since October. Keep in mind that the 2024 COLA will be measured off the highest average CPI-W in many years.

Lower inflation is a good thing and I don’t think retirees should plan on a COLA near the 8.7% for 2023.

Stand by, time will tell.

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