2024 Social Security Cola Increase Update News. 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. Social security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the u.s.
A recent estimate by the senior citizens league puts the 2025 social security cola at an increase of 2.63% over 2024. Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.