Cola Increase 2024 Social Security Increase. The senior citizens league estimates social security benefits will increase 2.5% in 2025, the smallest cola for retired workers since 2021. In a quirk of the calendar, this vulnerable population is likely to miss.

Social security recipients are on track to receive the smallest cola increase since the pandemic began. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of social security.