Cola Increase 2024 Social Security Number. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. (dear madam president:) pursuant to section 233(e)(1) of the social security act, as amended by the social security amendments of 1977.

The latest cola is 3.2 percent for social security benefits and ssi payments. Here’s how to make the most of those changes for.