Cola Increase 2024 News Latest. What's so good about a 2.5% increase or even a 3.5% one, both of which might seem puny? The next cola will be announced thursday and be.

Social security benefits will see a cola increase of 3.2% in 2024, the social security administration announced thursday morning. A cola of 3.0% would raise the current average monthly benefit of $1,787.00 by about $53.60, according to the senior citizens league.