2024 Social Security Increase Amount. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Take note of the following sassa grant increases for october 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.