Social Security Cola 2024 Estimate Increase And Decrease. The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa).

The cola in 2024 was. 7 rows new beneficiaries coming onto social security’s rolls tend to have, on average,.