Projected 2024 Social Security Cola Increase In India. Current estimates suggest a 2.57% cola increase for 2025, which would add approximately $50 per month to benefits, according to the detroit free press. Experts predict a smaller cola for 2025.
Social security administration (ssa) bases its cola each year on average annual increases in the consumer price index for urban wage earners and clerical. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.