Nert Sibylle

Ssa 2024 Cola Increase Projection. Social security administration (ssa) bases its cola each year on average annual increases in the consumer price index for urban wage earners and clerical. In 2025, the social security cola may be 2.6%, according to mary johnson, an independent social security and medicare policy analyst.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. There’s a simple reason i think the actual 2025 social security cola will be higher than current estimates.