Annual Cost Of Living Adjustment 2024. Adjustments are known asthe “snap cost of living adjustment (cola).” the snap cola is based on changes in the cost of living and takes effect on october 1st of each. Adjustments are known asthe “snap cost of living adjustment (cola).” the snap cola is based on changes in the cost of living and takes effect on october 1st of each year.

The latest cola is 2.5 percent for social security benefits and ssi payments. This data represents changes in the.