---
title: Another Big Social Security Increase Is Unlikely
description: This Money article explains why Social Security recipients shouldn’t bank on another big COLA increase in 2024.
---

[XML Financial Group Blog ](https://info.xmlfg.com/blog)

# [Another Big Social Security Increase Is Unlikely](https://info.xmlfg.com/blog/another-big-social-security-increase-is-unlikely)

 Written by [XML Financial Group](https://info.xmlfg.com/blog/author/xml-financial-group) | May 2, 2023 2:00:00 PM

This year, Social Security beneficiaries are receiving a significant increase of 8.7% in their monthly checks. The cost of living adjustment (COLA) is part of the government’s effort to soften the blow of record-high inflation. But according to experts, that increase was likely a one-off. 

Inflation rates have eased off since the COLA was last calculated in the fall of 2022—and as a result, next year’s adjustment is likely to be significantly smaller than this year’s.

[Click here to read the article.](https://money.com/social-security-cola-next-year-2024/)

 

*This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.*

[View full post](https://info.xmlfg.com/blog/another-big-social-security-increase-is-unlikely)

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