2024 Social Security Cola Increase Calculator Excel

2024 Social Security Cola Increase Calculator Excel. Beginning next january, social security paychecks will reflect a cost of living adjustment (cola) of only 3.2% this is a significant decrease over the record. Open a new excel spreadsheet and create the following column headers:

To calculate your cola increase, multiply your monthly payment by 8.7 percent. The social security administration announced an 3.2% cola increase for 2024.