Latest 2024 Cola Projection. At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%. Rbi monetary policy highlights, rbi mpc meeting august 2024 outcomes:

Two estimates reflecting the june inflation numbers project a lower social security cola in 2025 than in 2024. A cola of 3% — much less than this year’s 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70.