Cola 2024 Prediction Challenge. The 2024 cola is 3.2%—a sharp decline from the 8.7% cola administered in 2023. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.

This year’s estimate sees an unexpected rise despite slower. The cola 2024 prediction, specifically, has financial professionals on their toes due to its potential impact on retirement planning strategies.