2024 Social Security Increase Cola By Age. In 2024, the annual increase to social security benefits (cola) will be 3.2%. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.
Over the last decade the cola increase has averaged about 2.6 percent. Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting.