Cola 2024 Increase Announcement 2024. That adds about $50 monthly to the average retirement benefit consumers will. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.

Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. The latest cola is 3.2 percent for social security benefits and ssi payments.