Social Security Cola 2024 Estimate. The august 2024 consumer price index report shows a 2.5% increase in average prices over the last 12 months, down from 2.9% in july. For next year, the senior citizens league (tscl) released its new prediction for the cola, saying benefits would likely rise just 2.5 percent.

For next year, the senior citizens league (tscl) released its new prediction for the cola, saying benefits would likely rise just 2.5 percent. These estimates are derived from the intermediate assumptions in the 2024 trustees report.