Cola Increase 2024 Social Security Benefits. In january 2024, payments rose by 3.2% over 2023, according to the social security. Social security benefits get increased in most years to help retirees keep up with inflation.

Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. In january 2024, payments rose by 3.2% over 2023, according to the social security.