Social Security Cola Increase 2024 Amount. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. In 2024, the cola increase for social security beneficiaries is 3.2%.
The latest cola is 3.2 percent for social security benefits and ssi payments. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.