Social Security Increase 2024 600 Percent. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The social security cola for 2024 is 3.2%.

The cola in 2024 was. The 3.2% raise aims to alleviate the impact of higher prices for essentials such as food, fuel, and various goods and.