Social Security Cola 2024 Increase Percentage. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security.

The house just voted ‘yes’ on a bill that would increase social security checks for some pensioners. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.