In 2023, retirees saw a record 8.7% COLA and a more modest 3.2% bump in 2024.

The goal of the COLA is to offset rising prices.

Interviews were conducted online and via phone.

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All data are weighted by age, sex, education, race/ethnicity, region, and AARP membership.

For more information, contact Rebecca Perron atrperron@aarp.org.

For media inquiries, contact External Relations atmedia@aarp.org.

Social Security cards

How Do Americans View Social Security?

Family and friends sitting at a dining table, looking at camera

Medicare Health Insurance Card. Social Security Card with Stethoscope and pen

Social Security cards

Senior women and her granddaughter talking in living room

Social Security cards resting on American currency