Aidan Rosalie

Cola Increase 2024 Watch Online. The official 2024 social security cola will be announced by the social security administration on thursday, oct. Social security paid benefits of $1.379 trillion in calendar year 2023.

Aside from those adjustments, the 2024 cola is the largest since a 3.6% increase for the 2012 calendar year. The average monthly payout for a retired worker is now $1,907.