Social Security Cola 2024. The social security administration says that will raise average monthly payments by more than $50. In january 2024, payments rose by 3.2% over 2023,.

Ssa calculates the percent change between average prices in the. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices.