Social Security Cola 2024 Amount. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023).

Social security is expected to increase in 2025, but it likely won’t be as much as we’ve seen for the last. The latest cola is 3.2 percent for social security benefits and ssi payments.