Current Social Security Inflation Rate 2024. There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's.
12 rows estimates under the 2024 trustees report. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.