Social Security November 2024 Cola Projection. This is the smallest rise since 2021. Nearly 68 million social security beneficiaries will see a 2.5% cola beginning in january 2025.

At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%. Cbo projects that if social security paid benefits as scheduled, spending on the program would increase from 5.1 percent of gross.