Social Security 2024 Cola Increase Projection.  — learn how the 3.2% cola increase for 2024 will affect social security retirement and ssi payments, taxable maximum, and more.  — generally speaking, colas will be higher in the above states because bigger benefits equal bigger colas.

That’s slightly lower than july’s prediction of 2.63% and the.  — a cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.