Has Social Security Announced 2024 Cola. 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% in 2024, the social security administration announced thursday morning.

The senior citizens league forecasts next year’s cola to be at 2.63 percent, slightly lower than their last month’s estimate of 2.57 percent, it said in a. Since the federal reserve appears to have made progress on the inflation.