2024 Social Security Increase Percentage. How much will my social security payment be with the 2024 cola increase? Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Increased payments to nearly 7.5 million people receiving ssi will begin on december 31, 2024.(note: Starting in january, many federal retirees will see a 2025 cola of 2.5% added to their social security benefits and federal retirement annuities — but not everyone will receive.