Social Security Cola 2024 Estimated Payment. 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 2.5 percent beginning with the december 2024 benefits, which are.

Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. That adds about $50 monthly to the average retirement benefit consumers.