Social Security Cola Increase 2024 Amount. Social security cola for 2024. The senior citizens league estimates social security benefits will increase 2.5% in 2025, the smallest cola for retired workers since 2021.
The total amount of social security taxes paid in and the retirement age. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.