Predicted Cola Increase For 2025. The cola for 2025 will be based on inflation observed throughout 2024. When will my cola take effect?.
For instance, in 2023, the cola rate was 8.7%, but the rate dropped in 2024 to the current rate of 3.2%. The senior citizens league accurately predicted a 2025 cola of 2.5%, meaning a modest increase in monthly social security benefits.