Social Security Increase 2024 Cola

Social Security Increase 2024 Cola. Approximately 79 percent were retired workers. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

That equates to an average monthly rise of about $55 for all. Over the last decade the cola increase has averaged about 2.6%, with a high of 8.7% in 2023.