Social Security 2024 Cost Of Living Increase. That equates to an average monthly rise of about $55 for all. Cola for 2024 is 3.2%.
Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. In 2025, the social security cola may be 2.6%, according to mary johnson, an independent social security and medicare policy analyst.