2024 Social Security Cola Increase Announcement Date

2024 Social Security Cola Increase Announcement Date. We will announce the next cola in october 2024. Social security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the u.s.

Social security benefits will increase by 3.2 percent beginning with the december 2023. If the 2025 cola is 2.5%, it would translate to a $48 increase in the monthly benefit payment, bringing the average monthly total to $1,968.