Estimated Cost Of Living Increase For 2024

Estimated Cost Of Living Increase For 2024. In its annual report released in march, the medicare trustees forecast that monthly part b premiums will increase from $164.90 in 2023 to $174.80 in 2024. The social security administration will raise benefits by 3.2% starting in january, equal to a $57.30 boost to the typical monthly payment of $1,790.

The increase is much lower than the 8.7% cola that. The annual inflation rate for the united states was 2.4% for the 12 months ending september, compared to the previous rate increase of 2.5%, according to u.s.