Livy Sherye

Social Security Increase 2024 Projection Chart. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. At the start of 2024, social security benefit rose 3.2%.

A cola of 3.2% would raise the average monthly retiree benefit by about $59. The trustees project that social security’s annual cost will increase from 5.2 percent of gdp in 2024 to about 6.4 percent in 2078.