Social Security 2024 Cola Increase Payments. While the 2024 cola adjusted social security checks based on inflation, not everyone believes the payment update adequately reflects the price hikes seniors are seeing on healthcare and. Estimated cola for 2025 current estimates suggest a 2.57% cola increase for 2025, which would add approximately $50 per.

That means social security retirement benefits will increase by roughly $50 per month on average in 2024, ssa said. Increased ssi payments will begin with the december.