2024 Cola Social Security Benefits Increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%. How much will my social security payment be with the 2024 cola increase?

Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. 7 rows the cola for december 2024 is 2.5 percent and is first payable in january 2025.