Cola Increase 2024 Projections 2024. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. But in a quirk of the calendar, social security beneficiaries are likely to miss out on another large improvement to their buying.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Beginning in january 2024, checks reflecting those increases.