2024 Social Security Cola Increase Calculator November. The cost of living adjustment rose by 3.2 percent for 2024, the social security administration announced today. The social security cola could be 2.7% in 2024 based on the latest consumer price index data, according to the senior citizens league, a nonpartisan senior group.

That’s because the social security administration bases its annual adjustment. Next year’s raise is looking smaller, though, with estimates calling for a 2.5% raise in 2025 based on inflation data for july and.