Estimated Cola For Social Security 2024 In India. The experts estimated a 2.7 per cent rise in cola next year and if this happens, then for the first time in 31 years the seniors will receive a cola of 2.7 per cent or above four. A cola of 3.0% would raise the current average monthly benefit of $1,787.00 by about $53.60, according to the senior citizens league.
The senior citizens league, for instance, estimates the cola could be. Over the past 20 years, the average social security cola has been 2.6%.