Social Security 2024 Cola Increase Date. The percentage change is the cola for the following year. The increase will begin with benefits that social security beneficiaries receive in january 2024.

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. The cola for 2025 will be announced in october 2024, based on data from july to september.