2024 Cost Of Living Increase Veterans Benefits
2024 Cost Of Living Increase Veterans Benefits. The 2.5% increase for 2025 is well below the 3.2% in 2023, 8.7% in 2022 and 5.9% in 2021. Benefits for 2024 will be 3.2% higher than 2023 benefits.
Therefore, this will lead to a significant increase in 2023 va disability rates and monthly compensation for veterans. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023.