2024 Cola Social Security Raise Increase. The social security administration says that will raise average monthly payments by more than $50. There’s a chance the 2024 cola could drop below 3% if the september inflation rate is especially low.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.