Cola 2024 Increase Announcement As Of Today. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range.

It is then expected that the ssa will make an announcement in tandem or shortly. Social security cola shrinks for 2025 to 2.5%, the smallest increase since.