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  2. 3.2%
    • According to 2 sources
    Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual Cost of Living Adjustment (COLA) due to inflation. While 3.2% may look low compared to the 2022 (5.9%) and 2023 (8.7%) adjustments, it's still above the average of 2.6% for the prior 20 years.
    The cost of living adjustment for 2024 will be 3.2% for Social Security checks, VA disability compensation and other government pension and benefit programs. COLA raises for Social Security benefits and certain other benefits are automatic.
     
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