Social Security Cola 2024 Forecast. The experts estimated a 2.7 per cent rise in cola next year and if this happens, then for the first time in 31 years the seniors will receive a cola of 2.7 per cent or above four years in a row. The latest cola is 3.2 percent for social security benefits and ssi payments.

Social security benefits are now on pace to increase 2.63% next year, up from the previous forecast of 2.57%. Official cola data for 2025 won’t be released until october, but early estimates predict it will be around 2.6%, according to the.