Social Security Cola 2024 Increase Percentage Chart. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that. The reason the cola is always revealed in the second week.
That is equivalent to an extra. A cola of 3.5% would raise the average social security retirement benefit by $62.73 a month, based on the latest social security administration data.