Latest Social Security 2024 Cola Prediction. 2024's increase would be less than half of 2023's 8.7% jump,. Social security benefits will increase by 3.2 percent beginning with the december 2023.

More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s. The senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%.