Social Security Cola 2024 Estimate Increase 2024. Only one piece of data is missing for calculating the.  — social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Social security benefits will increase by 3.2 percent beginning with the december 2023.  — the estimated 2024 cola is significantly lower than the 8.7% increase that beneficiaries saw in 2023.