Cola 2024 Increase Announcement 2024. Social security recipients finally have something to cheer: Effective july 1, 2024, the cola rate is 2.00% for those with a retirement date on or before july 1, 2023.
Since the federal reserve appears to have made progress on the inflation front this year,. Don’t expect a substantial cost of living amount (cola) increase in your social security checks in 2025.