Projected 2024 Cola Increase. Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming. What is the 2025 social security cola increase projected to be?
“social security and ssi benefits will increase in. The 2024 cola increases the average monthly benefit by about $58, taking the typical retiree’s check to $1,907.