Social Security Cola 2024 Announcement Date 2024. In addition to a 2024 cola announcement, the ssa will put out a fact sheet. While social security payouts get larger each year thanks to the cola, a recent survey by tscl found 55% of retirees have more than $2,000 in monthly.

If social security increases the cola by 3.2% next year, the average monthly retiree check would increase to $1,790, or $57.30 in additional benefits,. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.