Projected 2024 Social Security Cola Increase In India. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual.

Next year’s raise is looking smaller, though, with estimates calling for a 2.5% raise in 2025 based on inflation data. At the start of 2024, social security benefits got a 3.2% cola.