Projected 2024 Social Security Cola Increase Chart. If consumer prices in august and september 2024 stay at the same level as in july 2024, the 2025 social security cola will be 2.4%. The league's latest predictions points to a cola of 2.5%, which is slightly lower than its august prediction of 2.57%.

We will announce the next cola in october 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.