Social Security For 2024 Increase. The social security cola for 2024 was 3.2%, following a large 8.7% cola for 2023. Social security benefits will rise 3.2% in 2024.
The cola in 2024 was. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.