Social Security Increase 2024 Estimate News. The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. According to cbs news, retirees are expected to receive an increase of $48 or 2.5% in 2025, which is below the 2.57% increase that was previously projected.

The social security administration is set to announce an official 2025 cola on oct. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the past 20 years.