Social Security Increase 2024 News Update. The cola increase raises social security payments by 3.2%.  — as discussed in the introduction, the projected cola increase for 2025 is 2.5%.

 — americans are set to receive a social security check worth up to $4,800 today, but not all seniors are happy about the increase in monthly payments. Today, the social security administration (ssa) announced progress this year to reduce customer burden by transitioning wet (physical) signature requirements to digital.