Social Security 2024 Cola Increase Calculator. Here’s how you can calculate your benefits for next year. The 2025 cola will be announced in october 2024.

Retirees on social security will once again receive a cola in 2025 but it won’t be as big as the one in 2024 because inflation has cooled down. Annual inflation for 2023 was 3.4% versus the cola for 2024 at 3.2%.