Key Points Social Security recipients are due for an increase in their payments at the beginning of the coming year. The size of this rise will be announced in October once September’s inflation data is reported. However, it accelerates a growing problem for continued solvency of the entire Social Security program. The $23,760 Social Security bonus most retirees completely overlook › The picture of the coming year's increase in Social Security payments is getting clearer. Assuming nothing changes this month, the cost-of-living adjustment (or COLA) beginning in January should be on the order of a 3.5% increase in the size of recipients' current payments.
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