2024 Cost Of Living Increase Social Security. The cola in 2024 was. Cola for 2024 is 3.2%.

For example, if you are eligible for $1,000 per month in social security payments at your full retirement age of 67, you could increase your social security. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.