Social Security Cola 2024 Increase Percentage Increase. The average beneficiary will see a $54 increase in their benefit amount. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
This year’s cola amounted to an 8.7% bump for social security benefits, as well as supplemental security income benefits โ the biggest increase since 1981 when the. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.