Rici Demetra

Social Security Cola 2024 Estimate Increase Chart. The annual adjustment, known as cola, brought seniors a 5.9 percent boost in 2022, an 8.7 percent increase in 2023 (the largest in about 40 years) and a 3.2 percent. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

The social security administration cannot finalize the 2024 cola without september inflation data, which is scheduled for release on. After factoring in the 2.5% cola, benefits would increase by about $48 to $1,968 in january 2025.