Social Security Cola 2024 Adjustment 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The latest cola is 3.2 percent for social security benefits and ssi payments.
Social security checks with the new cost of living adjustment for 2024 have started going out. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.