Social Security Cola 2024 Estimate. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.


Social Security Cola 2024 Estimate

7 rows the cola for december 2023 is 3.2 percent and is first payable in january 2024. If the 2024 cola does come out to 3% in october, the average monthly benefit of $1,787 would increase by about $53.60.

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