Social Security Cola 2024 Forecast. At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%. Uk growth in the third quarter of 2024 was dragged down by a sluggish services sector, which makes up the majority of the economy, data shows.

Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. The senior citizens league increased its.