2024 Cola Increase Ssa. The 2025 cola will be announced in october 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security.