Social Security Cola 2024 Increase Percentage To. In 2024, the annual increase to social security benefits (cola) will be 3.2%.  — social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.

 — a 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.  — a recent estimate by the senior citizens league puts the 2025 social security cola at an increase of 2.63% over 2024.