Social Security Increase 2024 Announcement. Social security benefits are on pace for a 3% cola in 2024. In addition to a 2024 cola announcement, the ssa will put out a fact sheet on other changes to the program,.
With two months of data still pending, current estimates suggest a 2.57% cola increase for 2025, which would add about $50 per month to benefits, according to the detroit free press. In june 2024, there were 1.4 million unemployed people, an increase of 42,000 (+3.1%) from the previous month.