New Cola Increase 2024. Here's how much more money you will start getting in january. 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 prices.
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 โ from $1,848 to $1,907.