Social Security Cola Increase 2024 Prediction. In january 2024, payments rose by 3.2% over 2023, according. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

That’s slightly lower than july’s prediction of 2.63% and the actual. Current estimates suggest a 2.57% cola increase for 2025, which would add approximately.