Cola 2024 Increase Announcement News. — social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. That would add $48 to the $1,920 average monthly.
Initial estimates are calling for a 2.5% cola in 2025. — the projected cola increase is less than it was in 2024, when beneficiaries received a 3.2% bump.