Estimated 2024 Social Security Cola Increase. Starting in january, the estimated average monthly. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer. In 2024, the annual increase to social security benefits (cola) will be 3.2%.