Cost Of Living Increase 2024 Social Security Magazin. We will announce the next cola in october 2024. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it.
Here are the updated ssdi benefit amounts and income limits. In 2025, the social security cola may be 2.6%, according to mary johnson, an independent social security and medicare policy analyst.