Raven Fernandina

Social Security Cola Increase 2024 Prediction In. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years.

That’s a huge drop from this year’s 8.7% cola, which pushed the average. Looking ahead to 2025, current estimates predict a 2.57% increase in the cola.