Cola Increase 2024 Projections. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase. Social security administration the projected 2025 cola for social security is 2.63%,.
Social security administration (ssa) bases its cola each year on average annual increases in the consumer price index for urban wage earners and clerical. How much is the increase: