Cola 2024 Social Security Benefits

Cola 2024 Social Security Benefits. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that. About 70.6 million people participate in the social security program, with an average benefit of about $1,920 a month.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. That adds about $50 monthly to the.