Cola 2024 Ssa Fact Sheet. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries. That equates to an average monthly rise of.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. Those receiving benefits from the ssa can expect their.