Cola 2024 Increase Announcement Date. In 2022, 2023, and 2024, social security's colas respectively came in at 5.9%, 8.7%, and 3.2%. 2024's increase would be less than half of 2023's 8.7% jump,.

That would add about $57 to. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.