Cost Of Living 2024 Social Security Increase Chart. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. Thereafter colas have been effective with benefits payable for december.
The percentage change is the cola for the following year, typically announced in october. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
