Social Security Cola 2024 Estimated Increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%. The nation's 72 million social security recipients are just days away from getting a boost to their monthly benefits.
Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5 percent in 2025, the social security administration announced today. A 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024.
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