Social Security Cola 2024 Announcement. On average, social security retirement benefits will. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration.