Social Security Cola 2024 Benefits

Social Security Cola 2024 Benefits. Social security benefits will increase by 3.2 percent beginning with the december 2023. The latest cola is 3.2 percent for social security benefits and ssi payments.

 — 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. The social security administration says that will raise average monthly payments by more than $50.