Projected 2024 Social Security Cola Increase In India. But 2024's cola is shaping up. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.

The social security administration cannot finalize the 2024 cola without september inflation data, which is scheduled for release on oct. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.