Social Security 2024 Cola Increase Chart. The chart below shows how that would impact the average. In january 2024, payments rose by 3.2% over 2023, according to the social security.
Retirement and disability benefits will increase by 3.2% and more than $50 a month on average starting in january, the social security administration announced thursday. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.