2024 Social Security Increase Estimated Increase. Current estimates suggest a 2.57% cola increase for 2025, which. The administration uses cola to adjust each year's benefits for social security beneficiaries.

The estimated 2024 cola is significantly lower than the 8.7% increase that beneficiaries saw in 2023. In both 2024 and 2025 the costs within medicare, including surcharges, must increase by close to 6.00%.