2024 Cola Increase Estimate

2024 Cola Increase Estimate. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years. A cola changes benefits based on changes in consumer prices.

Don’t expect a substantial cost of living amount (cola) increase in your social security checks in 2025. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.