Forecasted Social Security Cola 2024. This is the same as last month's prediction. According to the 2024 social security trustees report, the intermediate case calls for a 2.6% cola for this year (the increase that will start with january 2025 payments).
The latest cola is 2.5 percent for social security benefits and ssi payments. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.