Social Security 2024 Increase Announcement Today. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.

The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. Here’s the social security and ssdi payment schedule for october.