2024 Social Security Cola Increase Date Increase

2024 Social Security Cola Increase Date Increase. On average, social security retirement benefits will. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.

The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2%. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual.