2024 Social Security Cola Adjustment Calculator. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

Your social security payment typically is adjusted annually for inflation to ensure that the purchasing power of benefits is not eroded by rising prices. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s cost.