2024 Cola Increase For Social Security Increase

2024 Cola Increase For Social Security Increase. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual. On average, social security retirement benefits will increase by more than $50 per month starting in.

Some social security beneficiaries might be disappointed by the amount of their increase. Social security benefits will increase by 3.2 percent beginning with the december 2023.