2024 Social Security Increase Prediction In India. Retirees likely could be looking at a cost of living adjustment. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.
Social security benefits may rise by about 2.57% in 2025, but increases could be offset by higher medicare premiums and taxes. According to a new analysis published by alicia munnell, director of the center for retirement research at boston college, retirees should expect a 2024 cola.