Cory Merrie

2024 Social Security Cola Increase Date July. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.

2024’s increase would be less than half of 2023’s 8.7% jump,. Here’s when september’s ssdi payments will arrive.