Estimated 2024 Social Security Cola Increase. The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients. It was followed by a 1.3% hike to payments in 2021.
Social security retirement and disability benefits for 2025 will increase by 2.5% and about $50 a month starting in january, the government announced thursday. Increased payments to almost 7.5.
