2024 Social Security Increase Cola In India

2024 Social Security Increase Cola In India. Looking ahead to 2025, current estimates predict a 2.57% increase in the cola. A cola of 3.5% would raise the average social security retirement benefit by $62.73 a month, based on the latest social security administration data.

Social security benefits may rise by about 2.57% in 2025, but increases could be offset by higher medicare premiums and taxes. “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.