Ost Of Living 2024 Social Security Forecast. With two important expenses for retirees outpacing the 3.2% cola they. In 2023, the cola increased by 8.7%, its largest increase since 1981.
This means that the 2025 cola will be the lowest raise retirees have received since 2021. At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%.