Cola 2024 Increase Announcement 2024. That adds about $50 monthly to the average retirement benefit consumers. The official 2024 social security cola announcement is set for thursday, oct.

Here’s how much more money you will start getting in january. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday.