Projected 2024 Social Security Cola Increase Schedule. The senior citizens league estimates social security benefits will increase 2.5% in 2025, the smallest cola for retired workers since 2021. The senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%.
Here’s the inflation breakdown for september 2023 — in one chart. Social security benefits will increase by 3.2 percent beginning with the december 2023.
