Cola 2024 Increase Announcement For Retirees. That adds about $50 monthly to the average retirement benefit consumers will.  — the 2024 cola is 3.2%—a sharp decline from the 8.7% cola administered in 2023.

Don’t expect a substantial cost of living amount (cola) increase in your social security checks in 2025. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.