Social Security 2024 Cola. Social security cola for 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

The 2024 cola boosted benefits by $59 a month for the average retiree. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.